Real Gross Domestic Product: Fabricated Metal Product Manufacturing (332) in Alabama
ALFABRMETRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,321.90
Year-over-Year Change
8.92%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the fabricated metal product manufacturing industry in Alabama. It provides insights into the performance and productivity of this key manufacturing sector 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 real GDP of fabricated metal product manufacturing in Alabama is an important indicator of the health and output of this crucial industrial subsector. It helps economists and policymakers assess the competitiveness and growth dynamics of Alabama's manufacturing base.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This metric is widely used by analysts to monitor the state's manufacturing activity and guide economic development strategies.
Key Facts
- Alabama is a major hub for fabricated metal product manufacturing.
- This industry accounts for over 10% of the state's total manufacturing GDP.
- Real GDP in this sector has grown by 15% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the real gross domestic product (GDP) of the fabricated metal product manufacturing industry in the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: It provides important insights into the productivity and performance of a crucial manufacturing subsector within Alabama's economy.
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 accounting principles.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to monitor the state's manufacturing activity and guide economic development strategies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 2-3 month lag, reflecting the time required for data collection and compilation.
Related Trends
Gross Domestic Product: Transportation and Warehousing (48-49) in Alabama
ALTRANSWARENGSP
Construction Wages and Salaries in Alabama
ALWCON
All Employees: Mining: Mining (except Oil and Gas) in Alabama
SMU01000001021200001A
Number of Identified Exporters to Australia from Alabama
ALAUSA475SCEN
Gross Domestic Product: All Industry Total in Alabama
ALNGSP
Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Less: Receipts from Sales of Goods and Services by Nonprofit Institutions for Alabama
ALPCELRPTSLSGSNPIS
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Fabricated Metal Product Manufacturing (332) in Alabama (ALFABRMETRGSP), retrieved from FRED.