Chain-Type Quantity Index for Real GDP: Broadcasting (Except Internet) and Telecommunications (515, 517) in Tennessee
TNBRDTELEQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.45
Year-over-Year Change
62.67%
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 Tennessee measures the inflation-adjusted output of the broadcasting and telecommunications industries in the state.
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 insight into the growth and productivity of a key service sector in the Tennessee economy. It is used by economists and policymakers to understand broader economic trends and the performance of specific industries.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using production and price information.
Historical Context
This metric helps inform decisions around infrastructure, technology, and economic development policies.
Key Facts
- The index is referenced in 1997 = 100.
- The broadcasting and telecommunications sector accounts for over 4% of Tennessee's GDP.
- The index has grown by 20% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This index measures the inflation-adjusted output of the broadcasting and telecommunications industries in Tennessee.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the growth and productivity of a key service sector in the Tennessee economy, informing decisions around infrastructure, technology, and economic development policies.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using production and price information.
Q: How is this trend used in economic policy?
A: This index helps economists and policymakers understand broader economic trends and the performance of the broadcasting and telecommunications industries in Tennessee.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Broadcasting (Except Internet) and Telecommunications (515, 517) in Tennessee (TNBRDTELEQGSP), retrieved from FRED.