Real Gross Domestic Product: Broadcasting (Except Internet) and Telecommunications (515, 517) in Minnesota
MNBRDTELERGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,424.60
Year-over-Year Change
71.54%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic indicator measures the real gross domestic product (GDP) of the broadcasting (except internet) and telecommunications industries in the state of Minnesota. It provides insights into the performance 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 real GDP for the broadcasting (except internet) and telecommunications industries in Minnesota serves as a vital barometer for understanding the state's economic activity and productivity in these technology-driven sectors. It is used by economists, policymakers, and market analysts to assess the health and competitiveness of these industries within the broader Minnesota economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Historical Context
This trend is closely monitored by state and federal policymakers to inform economic development strategies and telecommunications infrastructure investments.
Key Facts
- Minnesota's broadcasting and telecommunications industries contribute significantly to the state's GDP.
- This trend has shown steady growth over the past decade, reflecting the importance of these sectors in the state's economy.
- The data is released quarterly by the U.S. Bureau of Economic Analysis.
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 Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the performance and growth of two key technology-driven sectors within the Minnesota economy, which is essential for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by state and federal policymakers to inform economic development strategies and telecommunications infrastructure investments in Minnesota.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Economic Analysis, with typical update delays of several months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Broadcasting (Except Internet) and Telecommunications (515, 517) in Minnesota (MNBRDTELERGSP), retrieved from FRED.