Chain-Type Quantity Index for Real GDP: Arts, Entertainment, and Recreation (71) in the Southeast BEA Region
SESTARTENTRECQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
132.30
Year-over-Year Change
21.21%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Arts, Entertainment, and Recreation (71) in the Southeast BEA Region measures the inflation-adjusted economic output of this sector in the southeastern United States. It provides insight into the overall health and growth of the regional entertainment industry.
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 tracks changes in the real (inflation-adjusted) volume of goods and services produced by the arts, entertainment, and recreation sector in the Southeast Bureau of Economic Analysis (BEA) region. It is a useful indicator for analyzing trends in regional economic activity and assessing the performance of this specific industry.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index formula.
Historical Context
Policymakers and industry analysts use this index to monitor the economic conditions and growth patterns of the entertainment sector in the Southeast region.
Key Facts
- The index is based on 2012 as the reference year with a value of 100.
- The Southeast BEA region includes Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia.
- The index provides a measure of the relative economic size and growth of the arts, entertainment, and recreation sector in the Southeast compared to the national economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the inflation-adjusted output or real GDP of the arts, entertainment, and recreation sector 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 growth of the entertainment industry in the Southeast, which is useful for policymakers, businesses, and analysts monitoring regional economic conditions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index formula.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this index to monitor the economic conditions and growth patterns of the entertainment sector in the Southeast region, which can inform policy decisions and business strategies.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, and there may be some lag in the most recent data being available.
Related Trends
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SESTPCERECGD
Gross Domestic Product: Accommodation (721) in the Southeast BEA Region
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Real Gross Domestic Product: Utilities (22) in the Southeast BEA Region
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Chain-Type Quantity Index for Real GDP: Health Care and Social Assistance (62) in the Southeast BEA Region
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Personal Consumption Expenditures: Services: Housing and Utilities for Southeast BEA Region
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Personal Consumption Expenditures: Goods: Durable Goods for Southeast BEA Region
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Arts, Entertainment, and Recreation (71) in the Southeast BEA Region (SESTARTENTRECQQGSP), retrieved from FRED.