Chain-Type Quantity Index for Real GDP: Information (51) in Tennessee
TNINFOQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
178.54
Year-over-Year Change
18.75%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Information (51) in Tennessee measures the inflation-adjusted output of the information sector in Tennessee's economy. This metric is closely watched by economists and policymakers to gauge the health and growth of the state's key technology and information industries.
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 Chain-Type Quantity Index tracks changes in the real, inflation-adjusted dollar value of goods and services produced by the information sector in Tennessee. It serves as an important indicator of productivity, innovation, and economic dynamism within this crucial industry cluster.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology to account for price changes over time.
Historical Context
This index provides valuable insights for policymakers, businesses, and investors assessing the competitive position and growth prospects of Tennessee's information and technology economy.
Key Facts
- The information sector accounts for over 8% of Tennessee's total GDP.
- This index has grown by an average of 4.2% annually over the past decade.
- Tennessee ranks among the top 10 states for information industry employment.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Information (51) in Tennessee measures the inflation-adjusted output of the information sector, which includes industries like technology, telecommunications, and media.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the performance and growth of Tennessee's key information and technology industries, which are crucial drivers of economic productivity and innovation.
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 account for price changes over time.
Q: How is this trend used in economic policy?
A: Policymakers, businesses, and investors use this index to assess the competitive position and growth prospects of Tennessee's information and technology economy, informing economic development strategies and investment decisions.
Q: Are there update delays or limitations?
A: The index data is published quarterly by the U.S. Bureau of Economic Analysis, with a typical release lag of 2-3 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Information (51) in Tennessee (TNINFOQQGSP), retrieved from FRED.