Gross Domestic Product: Motion Picture and Sound Recording Industries (512) in North Dakota
NDMOTPICSNDNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.00
Year-over-Year Change
71.88%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the motion picture and sound recording industries in North Dakota. It provides important insights into the performance and contribution of this sector to 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 GDP of the motion picture and sound recording industries in North Dakota represents the total value of goods and services produced by this sector within the state. It is a key indicator of the economic activity and productivity in this industry, which plays a significant role in North Dakota's overall economic landscape.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of its comprehensive GDP estimates for the United States.
Historical Context
This trend is closely monitored by policymakers, economists, and industry stakeholders to assess the health and growth of North Dakota's entertainment and media sector.
Key Facts
- North Dakota's motion picture and sound recording industries contributed $XX billion to the state's GDP in 20XX.
- This sector has grown by X% over the past Y years, outpacing the overall state economy.
- The motion picture and sound recording industries employ over Z workers in North Dakota.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the motion picture and sound recording industries in the state of North Dakota.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the performance and economic contribution of North Dakota's entertainment and media sector, which is an important part of the state's overall economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of its comprehensive GDP estimates for the United States.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, economists, and industry stakeholders to assess the health and growth of North Dakota's entertainment and media sector, which informs economic development strategies and policy decisions.
Q: Are there update delays or limitations?
A: The GDP data for the motion picture and sound recording industries in North Dakota is typically published by the BEA on a quarterly basis, with a lag of several months from the end of the reporting period.
Related Trends
All Employees: Wholesale Trade in North Dakota
SMU38000004100000001
Real Gross Domestic Product: Insurance Carriers and Related Activities (524) in North Dakota
NDINSCRARGSP
Regional Price Parities: Services: Housing: Metropolitan Portion for North Dakota
NDMPRPPSERVERENT
Not in Labor Force: Discouraged Workers for North Dakota
DISCWORKND
Total Deposits in Commercial Banks in North Dakota
X08TDCBTND
Number of Identified Exporters to Czech Republic from North Dakota
NDCZEA475SCEN
Citation
U.S. Federal Reserve, Gross Domestic Product: Motion Picture and Sound Recording Industries (512) in North Dakota (NDMOTPICSNDNGSP), retrieved from FRED.