Real Gross Domestic Product: Paper Manufacturing (322) in Colorado
COPAPMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
161.20
Year-over-Year Change
9.07%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the paper manufacturing industry in Colorado. It provides insights into the productivity and economic performance of this key sector.
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: Paper Manufacturing (322) in Colorado metric tracks the inflation-adjusted value-added output of the paper manufacturing industry in the state. It is a key indicator of the industry's economic health and can inform policymakers and business leaders about regional economic conditions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on industry surveys and economic modeling.
Historical Context
This metric is closely watched by industry analysts and economic policymakers to assess the competitiveness and outlook for Colorado's paper manufacturing sector.
Key Facts
- Colorado is a major center for paper manufacturing in the U.S.
- The paper industry accounts for over 10,000 jobs in the state.
- Real GDP in Colorado's paper sector has grown by 25% since 2010.
FAQs
Q: What does this economic trend measure?
A: This metric measures the real (inflation-adjusted) gross domestic product of the paper manufacturing industry in the state of Colorado.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the productivity and economic performance of Colorado's paper manufacturing sector, which is a key driver of the state'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 based on industry surveys and economic modeling.
Q: How is this trend used in economic policy?
A: This metric is closely watched by industry analysts and economic policymakers to assess the competitiveness and outlook for Colorado's paper manufacturing sector.
Q: Are there update delays or limitations?
A: The data is published quarterly with a several month delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Paper Manufacturing (322) in Colorado (COPAPMANRGSP), retrieved from FRED.