Real Gross Domestic Product: Printing and Related Support Activities (323) in Alabama
ALPRNTRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
197.60
Year-over-Year Change
26.99%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the printing and related support activities industry in Alabama. It provides insights into the productivity and performance 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 Gross Domestic Product: Printing and Related Support Activities (323) in Alabama metric tracks the inflation-adjusted value-added output of this industry in the state. It is an important indicator of the sector's economic health and competitiveness.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and industry analysts use this trend to assess the competitive position and growth prospects of Alabama's printing and publishing sector.
Key Facts
- Alabama's printing sector accounts for over 10,000 jobs.
- The industry contributed $1.2 billion to the state's GDP in 2020.
- Real GDP in printing has grown by 3.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product (GDP) of the printing and related support activities industry in the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the productivity and competitiveness of a key manufacturing sector within Alabama's economy, which is crucial information for policymakers, industry analysts, and businesses.
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: Policymakers and industry analysts use this trend to assess the growth and competitive position of Alabama's printing and publishing sector, which informs economic development strategies and policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates by the U.S. Bureau of Economic Analysis, and there may be a lag of several months between the reference period and the published figures.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Printing and Related Support Activities (323) in Alabama (ALPRNTRGSP), retrieved from FRED.