Real Gross Domestic Product: Arts, Entertainment, and Recreation (71) in Rhode Island
Quarterly, Seasonally Adjusted Annual Rate
RIARTENTRECRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
669.40
Year-over-Year Change
30.44%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the quarterly, seasonally adjusted annual rate of real investment in equipment and software by U.S. businesses. It is a key indicator of capital expenditure and business investment.
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 Quarterly, Seasonally Adjusted Annual Rate of Real Investment in Equipment and Software tracks the annualized rate of change in private investment in equipment and software, adjusting for seasonal variations. This metric provides insight into the pace of business capital expenditure, which influences productivity and economic growth.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Economists and policymakers monitor this trend to assess the health of the U.S. economy and business investment environment.
Key Facts
- The quarterly, seasonally adjusted annual rate averaged 6.78% from 1947 to 2022.
- Investment in equipment and software accounts for around 7% of U.S. GDP.
- This metric reached a record high of 16.91% in Q3 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly, seasonally adjusted annual rate of change in real private investment in equipment and software by U.S. businesses.
Q: Why is this trend relevant for users or analysts?
A: Business investment in equipment and software is a key driver of productivity and economic growth, so this metric provides insight into the state of capital expenditure and the overall health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess the investment environment and make informed decisions about monetary and fiscal policies that may impact business capital expenditure.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Bureau of Economic Analysis, with a typical delay of 1-2 months after the end of each quarter.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (RIARTENTRECRQGSP), retrieved from FRED.