Real Gross Domestic Product: Motion Picture and Sound Recording Industries (512) in the Southeast BEA Region
SESTMOTPICSNDRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,596.50
Year-over-Year Change
109.37%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Real Gross Domestic Product: Motion Picture and Sound Recording Industries (512) in the Southeast BEA Region' measures the economic output of this industry in the Southeast region of the United States. This trend is important for analyzing regional economic performance and growth in the media and entertainment sector.
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 series tracks the real (inflation-adjusted) gross domestic product of the motion picture and sound recording industry in the Southeast Bureau of Economic Analysis (BEA) region. It provides insights into the scale and dynamics of this key creative industry at the regional level.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional GDP accounts.
Historical Context
This industry-level GDP trend is used by economists, policymakers, and industry analysts to monitor the economic health and competitiveness of the Southeast's media and entertainment sector.
Key Facts
- The Southeast BEA region includes Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia.
- The motion picture and sound recording industry accounted for 1.4% of the Southeast region's total GDP in 2021.
- Real GDP in this industry grew by 7.2% in the Southeast in 2021 as the economy recovered from the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product of the motion picture and sound recording industry in the Southeast region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This industry-level GDP trend provides insights into the economic performance and growth of a key creative sector in the Southeast region, which is important for understanding regional economic dynamics.
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 its regional GDP accounts.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and industry analysts to monitor the economic health and competitiveness of the Southeast's media and entertainment sector, which informs regional economic development strategies.
Q: Are there update delays or limitations?
A: There may be lags in data availability, as regional GDP estimates are typically published with a delay compared to national-level GDP figures.
Related Trends
Real Gross Domestic Product: Rail Transportation (482) in the Southeast BEA Region
SESTRAILTRANRGSP
Personal Consumption Expenditures: Nondurable Goods for Southeast BEA Region
SESTPCENDURG
Gross Domestic Product: Educational Services, Health Care, and Social Assistance (61, 62) in the Southeast BEA Region
SESTEDHLTHSOCASSNGSP
Gross Domestic Product: Information (51) in the Southeast BEA Region
SESTINFONQGSP
Gross Domestic Product: Professional, Scientific, and Technical Services (54) in the Southeast BEA Region
SESTPROBUSNQGSP
Chain-Type Quantity Index for Real GDP: Food and Beverage and Tobacco Product Manufacturing (311-312) in the Southeast BEA Region
SESTFOODBEVTOBMANQGSP
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Motion Picture and Sound Recording Industries (512) in the Southeast BEA Region (SESTMOTPICSNDRGSP), retrieved from FRED.