Chain-Type Quantity Index for Real GDP: Mining (Except Oil and Gas) (212) in Iowa
IAMINEXOILGASQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
89.19
Year-over-Year Change
28.88%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Mining (Except Oil and Gas) (212) in Iowa measures the volume of economic output from the mining industry, excluding oil and gas extraction, in the state of Iowa.
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 index provides a measure of the real, inflation-adjusted value of production in Iowa's mining sector, excluding oil and gas. It is used by economists and policymakers to track trends in industrial activity and understand the contribution of the mining industry to the state's overall economic performance.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type index formula to adjust for price changes.
Historical Context
This metric informs analyses of Iowa's economic composition and the relative strength of its mining industries.
Key Facts
- The index base year is 2012.
- Mining (except oil and gas) accounts for about 1% of Iowa's GDP.
- The index reached its highest point in 2018.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted volume of economic output from Iowa's mining industry, excluding oil and gas extraction.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the performance and contribution of Iowa's mining sector to the state's overall economic activity.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type index formula to adjust for price changes.
Q: How is this trend used in economic policy?
A: This index informs analyses of Iowa's economic composition and the relative strength of its mining industries, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the typical release schedule and potential revisions of the U.S. Bureau of Economic Analysis.
Related Trends
Chain-Type Quantity Index for Real GDP: Publishing Industries (Except Internet) (511) in Iowa
IAPUBINDQGSP
Average Weekly Earnings of Production Employees: Retail Trade in Iowa
SMU19000004200000030
Real Gross Domestic Product: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in Iowa
IARENTRGSP
Total Wages and Salaries in Iowa
IAWTOT
State Government Tax Collections, Individual Income Taxes in Iowa
IAINCTAX
Information Earnings in Iowa
IAEINF
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Mining (Except Oil and Gas) (212) in Iowa (IAMINEXOILGASQGSP), retrieved from FRED.