Real Gross Domestic Product: Information (51) in Tennessee
TNINFORQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,169.60
Year-over-Year Change
18.75%
Date Range
1/1/2005 - 1/1/2025
Summary
The 'Real Gross Domestic Product: Information (51) in Tennessee' series measures the real value-added by the information sector in Tennessee's economy. This metric provides insight into the economic performance of one of the state's key 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 information sector encompasses industries such as publishing, broadcasting, telecommunications, and data processing. This series tracks the inflation-adjusted contribution of the information industry to Tennessee's overall gross domestic product, offering a gauge of its productivity and competitiveness within the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using national income and product accounts.
Historical Context
Policymakers and businesses use this metric to assess the health and outlook of Tennessee's information sector and its role in the broader state economy.
Key Facts
- Tennessee's information sector accounts for over 5% of the state's GDP.
- Real information GDP in Tennessee has grown by 20% over the past decade.
- The information industry is one of the fastest-growing sectors in Tennessee's economy.
FAQs
Q: What does this economic trend measure?
A: This series measures the real, inflation-adjusted value-added by the information sector to Tennessee's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: The information industry is a key driver of economic growth in Tennessee, and this metric provides insight into its performance and competitiveness within the state.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using national income and product accounts.
Q: How is this trend used in economic policy?
A: Policymakers and businesses use this metric to assess the health and outlook of Tennessee's information sector and its role in the broader state economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately three months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Information (51) in Tennessee (TNINFORQGSP), retrieved from FRED.