Real Gross Domestic Product: Petroleum and Coal Products Manufacturing (324) in Iowa
IAPETCOALMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
142.90
Year-over-Year Change
45.08%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) for the petroleum and coal products manufacturing industry in Iowa. It is an important indicator of economic activity and productivity in a key manufacturing sector.
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: Petroleum and Coal Products Manufacturing (324) in Iowa series tracks the inflation-adjusted value of goods and services produced by this industry within the state. It provides insights into the overall health and competitiveness of this manufacturing segment.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounts methodologies.
Historical Context
This trend is closely monitored by policymakers, industry analysts, and economic researchers to assess the performance and outlook for Iowa's energy-related manufacturing sector.
Key Facts
- Iowa is a major energy-producing state.
- The petroleum and coal products industry is a key part of the state's manufacturing base.
- This trend helps track the industry's contribution to Iowa's overall economic output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product of the petroleum and coal products manufacturing industry in the state of Iowa.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and competitiveness of a critical manufacturing sector in Iowa'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 using established national accounts methodologies.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, industry analysts, and economic researchers to assess the outlook for Iowa's energy-related manufacturing sector.
Q: Are there update delays or limitations?
A: The data is subject to the regular update schedule and potential revisions of the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Petroleum and Coal Products Manufacturing (324) in Iowa (IAPETCOALMANRGSP), retrieved from FRED.