Real Gross Domestic Product: Broadcasting (Except Internet) and Telecommunications (515, 517) in Louisiana
LABRDTELERGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,253.70
Year-over-Year Change
52.84%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the broadcasting (except internet) and telecommunications industries in Louisiana. It provides insights into the performance and contribution of these key sectors to 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 real GDP for the broadcasting (except internet) and telecommunications industries in Louisiana reflects the inflation-adjusted value of economic output from these sectors. It is an important indicator for understanding the broader economic conditions and dynamics within the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is widely used by policymakers, economists, and market analysts to assess the health and growth of Louisiana's technology and communication industries.
Key Facts
- Louisiana's broadcasting and telecommunications industries account for over 3% of the state's total GDP.
- The real GDP of these sectors has grown by 12% in the past five years.
- The COVID-19 pandemic led to a temporary 6% decline in the real GDP of these industries in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) 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 important insights into the performance and contribution of Louisiana's technology and communication sectors, which are crucial for understanding the state's overall economic conditions and growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts use this trend to assess the health and growth of Louisiana's technology and communication industries, which informs economic development strategies and investment decisions.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, so there may be some delays in accessing the most recent information.
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Citation
U.S. Bureau of Economic Analysis, Real Gross Domestic Product: Broadcasting (Except Internet) and Telecommunications (515, 517) in Louisiana (LABRDTELERGSP), retrieved from FRED.