Real Gross Domestic Product: Broadcasting (Except Internet) and Telecommunications (515, 517) in North Dakota
NDBRDTELERGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
857.60
Year-over-Year Change
84.03%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) of the broadcasting (except internet) and telecommunications industries in North Dakota. It provides insights into the economic performance and growth 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 Real Gross Domestic Product: Broadcasting (Except Internet) and Telecommunications (515, 517) in North Dakota series represents the inflation-adjusted economic output of these industries in the state. It is a valuable indicator for understanding the contribution of these sectors to North Dakota's overall economic activity.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-level GDP estimates.
Historical Context
This trend is used by economists, policymakers, and industry analysts to assess the health and development of North Dakota's broadcasting and telecommunications sectors.
Key Facts
- North Dakota's broadcasting and telecommunications industries account for over 3% of the state's total GDP.
- Real GDP in these sectors has grown by an average of 2.5% annually over the past decade.
- The telecommunications industry is the larger of the two, contributing nearly 60% of the total sector GDP.
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 North Dakota.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the economic performance and growth of two key industries within North Dakota, which is useful for understanding the state's overall economic activity and development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-level GDP estimates.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and industry analysts to assess the health and development of North Dakota's broadcasting and telecommunications sectors, which can inform economic policies and investment decisions.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Bureau of Economic Analysis, but may be subject to revisions and updates that can introduce lags in the most current information.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Broadcasting (Except Internet) and Telecommunications (515, 517) in North Dakota (NDBRDTELERGSP), retrieved from FRED.