Gross Domestic Product: Information (51) in Oregon
ORINFONGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,423.40
Year-over-Year Change
145.42%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the gross domestic product (GDP) of the information industry in the state of Oregon. It provides important insights into the size and performance of this key sector of 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 information industry in Oregon represents the total value of goods and services produced by this sector, which includes industries like publishing, telecommunications, and data processing. This metric is used by economists and policymakers to analyze the state's economic composition and growth.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic modeling.
Historical Context
This economic trend is relevant for understanding Oregon's economic competitiveness and informing policy decisions related to the information industry.
Key Facts
- Oregon's information industry accounts for over 7% of the state's GDP.
- The information sector has been a key driver of economic growth in Oregon.
- GDP in the Oregon information industry has increased by 25% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the information industry in the state of Oregon, providing insights into the size and performance of this key economic sector.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding Oregon's economic composition and competitiveness, as well as informing policy decisions related to the information industry.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic modeling.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze the size and growth of Oregon's information industry, which is a key driver of the state's overall economic performance.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis, with a lag of several months. There may be limitations in accurately capturing all economic activity within the information industry.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Information (51) in Oregon (ORINFONGSP), retrieved from FRED.