Gross Domestic Product: Arts, Entertainment, and Recreation (71) in the Southeast BEA Region
SESTARTENTRECNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
73,707.60
Year-over-Year Change
109.84%
Date Range
1/1/1997 - 1/1/2024
Summary
This trend measures the gross domestic product (GDP) of the arts, entertainment, and recreation industry in the Southeast region of the United States. It provides insight into the economic performance and importance of this sector in the regional 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 Gross Domestic Product: Arts, Entertainment, and Recreation (71) in the Southeast BEA Region is a key economic indicator that tracks the value-added output of businesses and organizations in the arts, entertainment, and recreation industry within the Southeast region. This data is used by policymakers, economists, and industry analysts to understand regional economic trends and the relative contribution of this sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on surveys and other economic reporting.
Historical Context
This trend is relevant for understanding the health and growth of the entertainment and leisure industry in the Southeast, which has implications for employment, consumer spending, and overall regional economic performance.
Key Facts
- The Southeast region includes Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia.
- In 2021, the arts, entertainment, and recreation industry accounted for 2.4% of the Southeast region's total GDP.
- The Southeast region's GDP in the arts, entertainment, and recreation sector has grown by an average of 3.5% annually over the past 10 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the arts, entertainment, and recreation industry in the Southeast region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the economic performance and importance of the arts, entertainment, and recreation sector in the Southeast regional economy, which is useful for policymakers, economists, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on surveys and other economic reporting.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding the health and growth of the entertainment and leisure industry in the Southeast, which has implications for employment, consumer spending, and overall regional economic performance.
Q: Are there update delays or limitations?
A: The data is published quarterly by the BEA, with a typical release delay of 2-3 months.
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Real Gross Domestic Product: Transportation and Warehousing (48-49) in the Southeast BEA Region
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Real Gross Domestic Product: Trade (42, 44-45) in the Southeast BEA Region
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Real Gross Domestic Product: Manufacturing (31-33) in the Southeast BEA Region
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Chain-Type Quantity Index for Real GDP: Transportation and Warehousing (48-49) in the Southeast BEA Region
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Citation
U.S. Federal Reserve, Gross Domestic Product: Arts, Entertainment, and Recreation (71) in the Southeast BEA Region (SESTARTENTRECNGSP), retrieved from FRED.