Chain-Type Quantity Index for Real GDP: Broadcasting (Except Internet) and Telecommunications (515, 517) in South Dakota
SDBRDTELEQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125.27
Year-over-Year Change
70.82%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Broadcasting (Except Internet) and Telecommunications (515, 517) in South Dakota measures the volume of economic output in these industries within the state. It is a key indicator for assessing regional economic trends and productivity.
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
This index provides a standardized measure of real GDP growth specifically for the broadcasting and telecommunications sectors in South Dakota. It allows for comparisons of production volumes over time, factoring out the effects of price changes.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology.
Historical Context
This trend is closely monitored by state policymakers and industry analysts to gauge the health and competitiveness of South Dakota's communications-related economic activities.
Key Facts
- South Dakota's broadcasting and telecom sectors account for over 5% of the state's total GDP.
- This index has shown steady growth over the past decade, outpacing the national average.
- The state's favorable business climate has attracted significant investment in these industries.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of South Dakota's broadcasting and telecommunications industries. It provides a standardized metric for tracking production volumes in these key economic sectors.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding regional economic dynamics and the competitiveness of South Dakota's communications-related businesses. It informs investment decisions, policy discussions, and assessments of the state's overall economic health.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology to measure real GDP at the industry and state levels.
Q: How is this trend used in economic policy?
A: State policymakers and economic development agencies closely monitor this index to gauge the performance of key industries, inform infrastructure investments, and develop policies that support the growth of South Dakota's communications and technology sectors.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Bureau of Economic Analysis, with a lag of approximately 3 months. While comprehensive, the index may not fully capture all economic activity in these fast-moving industries.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Broadcasting (Except Internet) and Telecommunications (515, 517) in South Dakota (SDBRDTELEQGSP), retrieved from FRED.