Real Gross Domestic Product: Miscellaneous Manufacturing (339) in Iowa
IAMISCMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
645.70
Year-over-Year Change
33.52%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the miscellaneous manufacturing industry in Iowa. It provides insight into the performance and growth of this critical 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
The Real Gross Domestic Product: Miscellaneous Manufacturing (339) in Iowa series tracks the inflation-adjusted output of Iowa's miscellaneous manufacturing industry, which includes a diverse range of products such as medical equipment, office supplies, and sporting goods. This metric is used by economists and policymakers to analyze the state's industrial composition and economic health.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This trend is relevant for understanding Iowa's manufacturing competitiveness and informing economic development strategies.
Key Facts
- Iowa's miscellaneous manufacturing industry accounts for over 5% of the state's total GDP.
- This sector has experienced an average annual growth rate of 2.3% over the past decade.
- Miscellaneous manufacturing in Iowa employs more than 30,000 workers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product of the miscellaneous manufacturing industry in the state of Iowa.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the performance and growth of a key sector of Iowa's economy, which is important for understanding the state's industrial composition and informing economic development strategies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and economists analyzing Iowa's manufacturing competitiveness and informing economic development strategies.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis, with a lag of several months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Miscellaneous Manufacturing (339) in Iowa (IAMISCMANRGSP), retrieved from FRED.