Gross Domestic Product: Manufacturing (31-33) in Iowa
IAMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44,459.50
Year-over-Year Change
50.33%
Date Range
1/1/1997 - 1/1/2024
Summary
The Gross Domestic Product: Manufacturing (31-33) in Iowa is a key economic indicator that measures the total value of goods and services produced by the manufacturing sector in the state.
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
This trend provides insights into the health and growth of Iowa's manufacturing industry, which is a significant contributor to the state's economy. Economists and policymakers use this data to analyze industrial production, monitor economic performance, and inform decision-making.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and other economic indicators.
Historical Context
The manufacturing GDP data is used to assess the competitiveness and productivity of Iowa's manufacturing sector, which can inform economic policies and investment decisions.
Key Facts
- Iowa's manufacturing GDP accounts for over 20% of the state's total economic output.
- The manufacturing sector employs more than 230,000 Iowans, or about 13% of the state's workforce.
- Iowa's manufacturing GDP has grown by an average of 2.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product: Manufacturing (31-33) in Iowa measures the total value of goods and services produced by the manufacturing sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the health and growth of Iowa's manufacturing industry, which is a significant contributor to the state's economy. Economists and policymakers use this data to analyze industrial production, monitor economic performance, and inform decision-making.
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 surveys and other economic indicators.
Q: How is this trend used in economic policy?
A: The manufacturing GDP data is used to assess the competitiveness and productivity of Iowa's manufacturing sector, which can inform economic policies and investment decisions.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis, with some potential for minor delays in availability.
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Citation
U.S. Bureau of Economic Analysis, Gross Domestic Product: Manufacturing (31-33) in Iowa (IAMANNGSP), retrieved from FRED.