Real Gross Domestic Product: Private Services-Providing Industries in Torrance County, NM (REALGDPSERV35057)

Source: U.S. Bureau of Economic Analysis  

Release: Gross Domestic Product by County and Metropolitan Area  

Units:  Thousands of Chained 2017 U.S. Dollars, Not Seasonally Adjusted

Frequency:  Annual

GDP by county is a measure of the market value of final goods and services produced within a county area in a particular period. While other measures of county economies rely mainly on labor market data, these statistics incorporate multiple data sources that capture trends in labor, revenue, and value of production. As a result, the capital-intensive industries are captured more fully than when measured solely by labor data.