Chain-Type Quantity Index for Real GDP: Broadcasting (Except Internet) and Telecommunications (515, 517) in Missouri
MOBRDTELEQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.68
Year-over-Year Change
9.83%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP measures the real output of the broadcasting and telecommunications industries in Missouri. It provides insights into the economic performance of these key sectors.
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
This index tracks the real, inflation-adjusted production of broadcasting and telecommunications services in Missouri. It is a useful indicator of the overall health and growth of these industries within the state's economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index formula.
Historical Context
Policymakers and industry analysts use this metric to monitor economic conditions and inform decisions.
Key Facts
- The index uses 2012 as the base year.
- Missouri's broadcasting and telecommunications industries contribute significantly to the state's GDP.
- The index has shown steady growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the broadcasting and telecommunications industries in the state of Missouri.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the economic performance and growth of two key industries in Missouri, which is valuable information for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index formula.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this metric to monitor economic conditions and inform decisions related to these sectors in Missouri.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, but there may be some delays in the release of the latest information.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Broadcasting (Except Internet) and Telecommunications (515, 517) in Missouri (MOBRDTELEQGSP), retrieved from FRED.