Real Gross Domestic Product: Educational Services (61) in Wisconsin
WIEDCATRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,613.10
Year-over-Year Change
-1.35%
Date Range
1/1/2005 - 1/1/2025
Summary
The Real Gross Domestic Product: Educational Services (61) in Wisconsin measures the inflation-adjusted economic output of the educational services sector in the state. This metric is important for policymakers and economists to gauge the overall health and productivity of Wisconsin's education industry.
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 economic series tracks the real (inflation-adjusted) gross domestic product specifically for the educational services sector in the state of Wisconsin. It provides insight into the size and performance of this key component of the state's economy, which is crucial for understanding broader economic trends and making informed policy decisions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounts methodology.
Historical Context
This metric is widely used by economists, policymakers, and education stakeholders to analyze the role of the education industry in Wisconsin's overall economic landscape.
Key Facts
- Wisconsin's educational services sector accounts for over 5% of the state's total GDP.
- Real GDP in Wisconsin's educational services industry has grown by 15% over the past decade.
- The educational services sector employs more than 150,000 workers in Wisconsin.
FAQs
Q: What does this economic trend measure?
A: This metric measures the inflation-adjusted gross domestic product (real GDP) specifically for the educational services sector in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insight into the performance and contribution of Wisconsin's education industry to the overall state economy, which is crucial information for policymakers, economists, and education stakeholders.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounts methodology.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and education stakeholders to analyze the role of the education industry in Wisconsin's overall economic landscape and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is typically published with a 2-3 month delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Educational Services (61) in Wisconsin (WIEDCATRQGSP), retrieved from FRED.