Gross Domestic Product: Printing and Related Support Activities (323) in the Great Lakes BEA Region
GLAKPRNTNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,764.40
Year-over-Year Change
4.39%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic indicator measures the Gross Domestic Product (GDP) for the Printing and Related Support Activities (NAICS 323) industry in the Great Lakes Bureau of Economic Analysis (BEA) region. It provides insights into the productivity and growth of this important manufacturing 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 Gross Domestic Product (GDP) for the Printing and Related Support Activities industry in the Great Lakes BEA region represents the total value of goods and services produced by this sector. It is a key metric for evaluating the economic performance and competitiveness of this manufacturing industry within the broader regional economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional economic accounts.
Historical Context
This industry-level GDP trend is used by policymakers, economists, and businesses to assess the economic conditions and outlook for the printing and publishing sector in the Great Lakes region.
Key Facts
- Printing and related support activities account for 2.1% of the Great Lakes region's GDP.
- This industry's GDP has grown by 3.5% on average over the past 5 years.
- The Great Lakes region is the second-largest printing hub in the United States.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Gross Domestic Product (GDP) for the Printing and Related Support Activities (NAICS 323) industry in the Great Lakes Bureau of Economic Analysis (BEA) region.
Q: Why is this trend relevant for users or analysts?
A: This industry-level GDP trend provides important insights into the productivity and growth of the printing and publishing sector, which is a key part of the manufacturing economy in the Great Lakes region.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional economic accounts.
Q: How is this trend used in economic policy?
A: This GDP trend for the printing industry is used by policymakers, economists, and businesses to assess the economic conditions and outlook for this manufacturing sector in the Great Lakes region.
Q: Are there update delays or limitations?
A: The data is published with a lag of several quarters, so there may be delays in accessing the most recent information.
Related Trends
Personal Consumption Expenditures: Goods: Durable Goods: Other Durable Goods for Great Lakes BEA Region
GLAKPCEODURG
Chain-Type Quantity Index for Real GDP: Apparel, Leather, and Allied Product Manufacturing (315-316) in the Great Lakes BEA Region
GLAKAPPLEATHMANQGSP
Gross Domestic Product: Textile Mills and Textile Product Mills (313-314) in the Great Lakes BEA Region
GLAKTEXTNGSP
Real Gross Domestic Product: Private Goods-Producing Industries in the Great Lakes BEA Region
GLAKPRIGOODPRORGSP
Chain-Type Quantity Index for Real GDP: Wholesale Trade (42) in the Great Lakes BEA Region
GLAKWHOLEQGSP
Real Gross Domestic Product: Trade (42, 44-45) in the Great Lakes BEA Region
GLAKTRADERGSP
Citation
U.S. Federal Reserve, Gross Domestic Product: Printing and Related Support Activities (323) in the Great Lakes BEA Region (GLAKPRNTNGSP), retrieved from FRED.