Gross Domestic Product: Broadcasting (Except Internet) and Telecommunications (515, 517) in Massachusetts
MABRDTELENGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,170.50
Year-over-Year Change
16.60%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the gross domestic product (GDP) contribution of the broadcasting (except internet) and telecommunications industries in Massachusetts. It provides insight into the economic activity and performance of these key sectors within 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 Gross Domestic Product: Broadcasting (Except Internet) and Telecommunications (515, 517) in Massachusetts series tracks the value-added output of these related industries as part of the state's overall economic production. It is an important indicator for understanding the relative size and growth of these technology-driven service sectors.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional GDP accounts.
Historical Context
This metric is used by policymakers, industry analysts, and economists to assess the competitive position and economic contribution of Massachusetts' communications and media sectors.
Key Facts
- Massachusetts is a major technology and communications hub.
- Telecom and broadcasting account for over 3% of the state's GDP.
- This sector has seen steady growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) contribution of the broadcasting (except internet) and telecommunications industries in the state of Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the economic performance and competitive positioning of key technology-driven service sectors within Massachusetts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional GDP accounts.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, industry analysts, and economists to assess the economic contribution and growth of Massachusetts' communications and media sectors.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule by the Bureau of Economic Analysis, but may have a delay of several quarters before the latest figures are available.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Broadcasting (Except Internet) and Telecommunications (515, 517) in Massachusetts (MABRDTELENGSP), retrieved from FRED.