Chain-Type Quantity Index for Real GDP: Motion Picture and Sound Recording Industries (512) in North Carolina
NCMOTPICSNDQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
191.87
Year-over-Year Change
136.97%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Motion Picture and Sound Recording Industries (512) in North Carolina measures the real output of this key economic sector in the state. It is a important indicator for analyzing the performance and growth of North Carolina's entertainment and media production industries.
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 chain-weighted real gross domestic product (GDP) for the motion picture and sound recording industries in North Carolina. It provides a measure of the volume of economic activity in this sector, adjusting for price changes over time to give a more accurate picture of real output trends.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting methods.
Historical Context
This index helps policymakers and businesses monitor the health and trends in North Carolina's media production economy.
Key Facts
- The index has a base year of 2012 = 100.
- North Carolina's motion picture and sound recording sector accounts for over 3% of the state's total GDP.
- This industry has shown steady growth in North Carolina over the past decade.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the motion picture and sound recording industries in the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the performance and growth of a key sector of North Carolina's economy, helping policymakers and businesses understand economic conditions and trends.
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 accounting methods.
Q: How is this trend used in economic policy?
A: This index helps inform economic policymaking and business decisions related to North Carolina's media production and entertainment industries.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Federal Reserve with typical publication delays of 1-2 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Motion Picture and Sound Recording Industries (512) in North Carolina (NCMOTPICSNDQGSP), retrieved from FRED.