Gross Domestic Product: Arts, Entertainment, and Recreation (71) in Wisconsin
WIARTENTRECNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,285.20
Year-over-Year Change
35.50%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the gross domestic product (GDP) of the arts, entertainment, and recreation sector in Wisconsin. It provides insights into the performance and contribution of this key industry within the state's economy.
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 Gross Domestic Product: Arts, Entertainment, and Recreation (71) in Wisconsin series tracks the total value of goods and services produced by businesses in the arts, entertainment, and recreation industry in the state. This data is used by economists and policymakers to analyze the economic health and growth of this sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of sources, including business surveys and economic census information.
Historical Context
Monitoring this trend can help inform economic and policy decisions related to supporting and developing Wisconsin's creative and recreational industries.
Key Facts
- Wisconsin's arts, entertainment, and recreation sector accounts for over 3% of the state's total GDP.
- This industry has seen steady growth of around 2.5% annually over the past decade.
- The COVID-19 pandemic led to a significant decline in this sector's GDP in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the arts, entertainment, and recreation industry in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: Tracking the GDP of Wisconsin's arts, entertainment, and recreation sector provides important insights into the economic performance and contribution of this key industry 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 business surveys and economic census information.
Q: How is this trend used in economic policy?
A: Monitoring this trend can help inform economic and policy decisions related to supporting and developing Wisconsin's creative and recreational industries.
Q: Are there update delays or limitations?
A: The data is subject to regular updates from the Bureau of Economic Analysis, but there may be a lag of several months between the reference period and the release of the latest figures.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Arts, Entertainment, and Recreation (71) in Wisconsin (WIARTENTRECNQGSP), retrieved from FRED.