Real Gross Domestic Product: Information (51) in Wisconsin
WIINFORQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,074.90
Year-over-Year Change
21.83%
Date Range
1/1/2005 - 1/1/2025
Summary
The Real Gross Domestic Product: Information (51) in Wisconsin measures the economic output of the information sector in the state. This metric is important for economists and policymakers to understand the overall health and performance of Wisconsin'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 Real Gross Domestic Product: Information (51) in Wisconsin represents the inflation-adjusted economic production of businesses in the information industry, including publishing, telecommunications, and data processing. This data helps analysts assess the strength and trends within a critical sector of the state's economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a variety of economic surveys and government sources.
Historical Context
Policymakers and market participants monitor this indicator to gauge Wisconsin's economic competitiveness and identify potential areas for investment or development.
Key Facts
- Wisconsin's information sector accounts for over 5% of the state's total economic output.
- The information industry in Wisconsin has grown by an average of 2.3% per year over the past decade.
- Telecommunications and data processing are the largest components of Wisconsin's information sector.
FAQs
Q: What does this economic trend measure?
A: The Real Gross Domestic Product: Information (51) in Wisconsin measures the inflation-adjusted economic output of businesses in Wisconsin's information industry, including publishing, telecommunications, and data processing.
Q: Why is this trend relevant for users or analysts?
A: This indicator helps economists and policymakers assess the strength and performance of a critical sector within Wisconsin's economy, which can inform decisions about investment, development, and economic policy.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis calculates this metric using a variety of economic surveys and government data sources.
Q: How is this trend used in economic policy?
A: Policymakers and market participants monitor this indicator to gauge Wisconsin's economic competitiveness and identify potential areas for investment or development within the information industry.
Q: Are there update delays or limitations?
A: The Real Gross Domestic Product: Information (51) in Wisconsin data is typically released by the Bureau of Economic Analysis on a quarterly basis, with some potential for short delays in availability.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Information (51) in Wisconsin (WIINFORQGSP), retrieved from FRED.