Real Gross Domestic Product: Amusement, Gambling, and Recreation Industries (713) in South Dakota
SDAMUSERGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
264.70
Year-over-Year Change
14.74%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the amusement, gambling, and recreation industries in South Dakota. It provides insight into the performance and contribution of this sector to the state's overall economic activity.
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: Amusement, Gambling, and Recreation Industries (713) in South Dakota series tracks the inflation-adjusted output of this industry group within the state. It is a key indicator for analyzing the health and growth of South Dakota's leisure and hospitality sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This trend is closely monitored by policymakers, industry analysts, and investors to gauge the strength of South Dakota's tourism and recreation-based economy.
Key Facts
- South Dakota's amusement and recreation industries account for over 4% of the state's total GDP.
- This sector has experienced consistent growth, outpacing the overall state economy in recent years.
- Tourism is a major driver of economic activity in South Dakota, making this trend a key barometer.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the amusement, gambling, and recreation industries in the state of South Dakota.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the performance and contribution of South Dakota's leisure and hospitality sector, which is a key driver of the state'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 using established national accounting principles.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, industry analysts, and investors to gauge the strength of South Dakota's tourism and recreation-based economy.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the U.S. Federal Reserve, with typical update delays of several weeks or months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Amusement, Gambling, and Recreation Industries (713) in South Dakota (SDAMUSERGSP), retrieved from FRED.