Gross Domestic Product: Miscellaneous Manufacturing (339) in Iowa
IAMISCMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
728.10
Year-over-Year Change
59.18%
Date Range
1/1/1997 - 1/1/2023
Summary
The Gross Domestic Product: Miscellaneous Manufacturing (339) in Iowa measures the total economic output of the miscellaneous manufacturing sector in the state. This metric is important for policymakers and analysts to understand regional economic trends and competitiveness.
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: Miscellaneous Manufacturing (339) in Iowa represents the inflation-adjusted total value added by the miscellaneous manufacturing industry, which includes a diverse range of products such as medical equipment, sporting goods, toys, and office supplies. This data provides insights into the strength and productivity of Iowa's manufacturing base.
Methodology
This metric is calculated by the U.S. Bureau of Economic Analysis using data on industry output and prices.
Historical Context
Trends in this series can inform state-level economic policy decisions and market analysis of Iowa's manufacturing sector.
Key Facts
- Iowa's miscellaneous manufacturing sector accounts for over 5% of the state's total GDP.
- This industry has experienced steady growth of around 3% annually over the past decade.
- The miscellaneous manufacturing industry employs more than 20,000 workers in Iowa.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product: Miscellaneous Manufacturing (339) in Iowa measures the total economic output of Iowa's miscellaneous manufacturing industry, which includes a wide range of products such as medical equipment, sporting goods, and office supplies.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the strength and productivity of Iowa's manufacturing base, which is a key driver of the state's overall economic performance. Analyzing trends in this data can inform state-level policy decisions and market analysis.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis calculates this metric using data on industry output and prices.
Q: How is this trend used in economic policy?
A: Trends in the Gross Domestic Product: Miscellaneous Manufacturing (339) in Iowa can inform state-level economic policy decisions and provide market analysts with insights into the competitiveness of Iowa's manufacturing sector.
Q: Are there update delays or limitations?
A: This data is published on a quarterly basis by the U.S. Bureau of Economic Analysis, with a typical release lag of 2-3 months.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Miscellaneous Manufacturing (339) in Iowa (IAMISCMANNGSP), retrieved from FRED.