Gross Domestic Product: Broadcasting (Except Internet) and Telecommunications (515, 517) in South Dakota
SDBRDTELENGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,144.40
Year-over-Year Change
37.27%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the broadcasting (except internet) and telecommunications industries in South Dakota. It provides insights into the performance and contribution of these key sectors 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 for broadcasting (except internet) and telecommunications in South Dakota represents the total value of goods and services produced by these industries within the state. It is an important indicator of economic activity and growth in the communications and media sectors.
Methodology
This data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their GDP by industry program.
Historical Context
This trend is used by policymakers, economists, and industry analysts to evaluate the economic health and development of South Dakota's communications and technology sectors.
Key Facts
- South Dakota's broadcasting and telecommunications GDP was $1.3 billion in 2021.
- This sector accounts for 2.4% of the state's total GDP.
- The industry has seen 3.2% average annual growth over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the broadcasting (except internet) and telecommunications industries in the state of South Dakota.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and economic contribution of South Dakota's communications and media sectors, which are key drivers 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 as part of their GDP by industry program.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts use this trend to evaluate the economic health and development of South Dakota's communications and technology sectors, which informs policy decisions.
Q: Are there update delays or limitations?
A: This data is published annually by the Bureau of Economic Analysis, so there may be a delay of several months before the most recent year's figures are available.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Broadcasting (Except Internet) and Telecommunications (515, 517) in South Dakota (SDBRDTELENGSP), retrieved from FRED.