Gross Domestic Product: Mining (Except Oil and Gas) (212) in Iowa
IAMINEXOILGASNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
520.60
Year-over-Year Change
69.41%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Gross Domestic Product: Mining (Except Oil and Gas) (212) in Iowa' metric measures the economic output of the mining industry, excluding oil and gas, within the state of Iowa. This data provides insights into a key sector of 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
This series represents the real gross domestic product (GDP) of the mining industry, excluding oil and gas, in the state of Iowa. It is a useful indicator of the economic performance and growth of this specific industry within the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of their regional GDP estimates.
Historical Context
Policymakers and analysts use this metric to assess the health and trends within Iowa's mining industry, excluding oil and gas, and to inform economic development strategies.
Key Facts
- Mining, excluding oil and gas, accounts for a small but important part of Iowa's economy.
- This metric has shown moderate growth in recent years, indicating the sector's ongoing contribution.
- Policymakers use this data to monitor the mining industry's role in Iowa's overall economic performance.
FAQs
Q: What does this economic trend measure?
A: This metric measures the real gross domestic product (GDP) of the mining industry, excluding oil and gas, within the state of Iowa.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the economic performance and growth of the mining sector, excluding oil and gas, in Iowa, which is an important industry for 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 (BEA) as part of their regional GDP estimates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health and trends within Iowa's mining industry, excluding oil and gas, and to inform economic development strategies.
Q: Are there update delays or limitations?
A: There may be some update delays, as the data is part of the BEA's regional GDP estimates, which are released on a quarterly basis.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Mining (Except Oil and Gas) (212) in Iowa (IAMINEXOILGASNGSP), retrieved from FRED.