Gross Domestic Product: Publishing Industries (Except Internet) (511) in Utah
UTPUBINDNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,163.30
Year-over-Year Change
271.26%
Date Range
1/1/1997 - 1/1/2023
Summary
The Gross Domestic Product (GDP) for the Publishing Industries (Except Internet) (511) sector in Utah measures the total economic output of this industry within the state. It is an important indicator of the health and productivity of this key 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
The GDP for the Publishing Industries (Except Internet) (511) sector in Utah represents the total value of goods and services produced by this industry, including book, newspaper, and magazine publishing, as well as directory and mailing list publishers. It is used to analyze the economic performance and competitiveness of this industry within the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their state-level GDP estimates.
Historical Context
This trend is used by policymakers, economists, and industry analysts to understand the role of the publishing sector in Utah's economy and its contribution to overall economic growth.
Key Facts
- Utah's publishing industry GDP was $1.2 billion in 2021.
- The publishing sector accounts for 1.3% of Utah's total GDP.
- Publishing GDP in Utah has grown by 3.2% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Gross Domestic Product (GDP) of the Publishing Industries (Except Internet) (511) sector within the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the economic performance and competitiveness of Utah's publishing industry, which is an important contributor to the state's overall economic growth.
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 their state-level GDP estimates.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and industry analysts to understand the role of the publishing sector in Utah's economy and its contribution to overall economic growth.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Publishing Industries (Except Internet) (511) in Utah (UTPUBINDNGSP), retrieved from FRED.