Real Gross Domestic Product: Information (51) in Louisiana
LAINFORGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,549.70
Year-over-Year Change
36.22%
Date Range
1/1/1997 - 1/1/2024
Summary
The Real Gross Domestic Product: Information (51) in Louisiana measures the inflation-adjusted output of the information industry in Louisiana. This metric is important for economists and policymakers to assess the health and growth of a key economic sector in the state.
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 Gross Domestic Product: Information (51) in Louisiana represents the inflation-adjusted value of goods and services produced by businesses in the information industry, which includes sectors like publishing, telecommunications, and data processing. This data point provides insight into the performance and contribution of the information sector to Louisiana's overall economic activity.
Methodology
The U.S. Bureau of Economic Analysis calculates this metric using a variety of government and private data sources.
Historical Context
Trends in the information industry's GDP are closely monitored by economists, businesses, and policymakers to gauge the state's economic competitiveness and opportunities for growth.
Key Facts
- Louisiana's information industry GDP reached $12.6 billion in 2021.
- The information sector accounts for over 3% of Louisiana's total economic output.
- The real GDP of Louisiana's information industry grew by 4.2% in 2021.
FAQs
Q: What does this economic trend measure?
A: The Real Gross Domestic Product: Information (51) in Louisiana measures the inflation-adjusted economic output of Louisiana's information industry, which includes sectors like publishing, telecommunications, and data processing.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the performance and contribution of a key economic sector in Louisiana, helping analysts and policymakers assess the state's economic competitiveness and opportunities for growth.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis calculates this metric using a variety of government and private data sources.
Q: How is this trend used in economic policy?
A: Trends in the information industry's GDP are closely monitored by economists, businesses, and policymakers to gauge Louisiana's economic competitiveness and inform decisions about policies, investments, and strategic initiatives.
Q: Are there update delays or limitations?
A: This data is published quarterly by the U.S. Bureau of Economic Analysis, with a typical release lag of 2-3 months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Information (51) in Louisiana (LAINFORGSP), retrieved from FRED.