Gross Domestic Product: Broadcasting (Except Internet) and Telecommunications (515, 517) in Louisiana
LABRDTELENGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,045.30
Year-over-Year Change
22.82%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the broadcasting (except internet) and telecommunications industries in Louisiana. It provides insights into the productivity and growth of these key sectors within the state's economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The LABRDTELENGSP series tracks the GDP contribution of Louisiana's broadcasting (except internet) and telecommunications industries. This metric is used by economists and policymakers to analyze the performance and competitive position of these sectors, which are vital components of the state's information and communication technology infrastructure.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using national income and product accounts.
Historical Context
The LABRDTELENGSP trend is relevant for understanding Louisiana's economic development and the competitiveness of its technology-driven industries.
Key Facts
- Louisiana's broadcasting and telecommunications GDP was $5.6 billion in 2020.
- The sector accounts for 2.2% of Louisiana's total GDP.
- GDP in this industry has grown by 3.4% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The LABRDTELENGSP series measures the gross domestic product (GDP) contribution of the broadcasting (except internet) and telecommunications industries in the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the productivity and growth of Louisiana's broadcasting and telecommunications sectors, which are critical components of the state's information and communication technology infrastructure.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using national income and product accounts.
Q: How is this trend used in economic policy?
A: The LABRDTELENGSP trend is relevant for understanding Louisiana's economic development and the competitiveness of its technology-driven industries, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is updated annually by the U.S. Bureau of Economic Analysis, with a typical 1-year delay in publication.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Broadcasting (Except Internet) and Telecommunications (515, 517) in Louisiana (LABRDTELENGSP), retrieved from FRED.