Gross Domestic Product: Other Services (Except Government and Government Enterprises) (81) in Wisconsin
WIOTHSERVENQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,783.50
Year-over-Year Change
20.85%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the gross domestic product (GDP) of the other services (except government and government enterprises) sector in Wisconsin. It provides insights into the performance and contribution of this key service industry to the state's overall economic activity.
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 other services (except government and government enterprises) sector encompasses a diverse range of economic activities, including personal services, repair and maintenance, and various professional and business services. This trend offers valuable information for analysts and policymakers to understand the dynamics and role of this sector within Wisconsin's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of their comprehensive GDP reporting for U.S. states.
Historical Context
This trend is widely used by economists, businesses, and policymakers to assess the health and growth of Wisconsin's service-based economy.
Key Facts
- Wisconsin's other services sector accounts for approximately 4% of the state's total GDP.
- This sector has experienced steady growth over the past decade, outpacing the overall state economy.
- The other services industry is a significant employer in Wisconsin, providing jobs in a diverse range of occupations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the other services (except government and government enterprises) sector in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the performance and contribution of the diverse other services sector to Wisconsin's overall economic activity, which is important for analysts and policymakers to understand.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of their comprehensive GDP reporting for U.S. states.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, businesses, and policymakers to assess the health and growth of Wisconsin's service-based economy, which can inform economic development strategies and policy decisions.
Q: Are there update delays or limitations?
A: The data is typically released by the BEA with a lag of several months, so there may be delays in accessing the most recent information. Additionally, the data is subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Other Services (Except Government and Government Enterprises) (81) in Wisconsin (WIOTHSERVENQGSP), retrieved from FRED.