Real Gross Domestic Product: Broadcasting (Except Internet) and Telecommunications (515, 517) in Rhode Island
RIBRDTELERGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
891.30
Year-over-Year Change
30.54%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) for the broadcasting (except internet) and telecommunications industries in Rhode Island. It provides insight into the productivity and growth of these key technology sectors in 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 Rhode Island series tracks the inflation-adjusted total economic output of these industries, which are important contributors to the state's economy. This data is used by economists and policymakers to analyze regional economic performance and industry-level trends.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using information from business surveys and other economic indicators.
Historical Context
Trends in this industry GDP metric can inform state-level economic and technology policy decisions.
Key Facts
- Rhode Island's broadcasting and telecommunications GDP was $3.1 billion in 2021.
- This industry accounted for 4.4% of the state's total economic output in 2021.
- The sector grew by 2.7% in real terms from 2020 to 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) for the broadcasting (except internet) and telecommunications industries in the state of Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: This industry-level GDP metric provides insights into the productivity and growth of key technology sectors in the Rhode Island economy, which is useful for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using information from business surveys and other economic indicators.
Q: How is this trend used in economic policy?
A: Trends in this industry GDP measure can inform state-level economic and technology policy decisions in Rhode Island.
Q: Are there update delays or limitations?
A: The data is subject to revision and may have publication lags, as is common with economic statistics.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Broadcasting (Except Internet) and Telecommunications (515, 517) in Rhode Island (RIBRDTELERGSP), retrieved from FRED.