Real Gross Domestic Product: Paper Manufacturing (322) in Idaho
IDPAPMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
319.60
Year-over-Year Change
95.71%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Real Gross Domestic Product: Paper Manufacturing (322) in Idaho' series measures the economic output of the paper manufacturing industry in Idaho, adjusted for inflation. This metric is important for understanding the health and productivity of a key manufacturing sector in the state.
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, or inflation-adjusted, gross domestic product (GDP) for the paper manufacturing industry (NAICS code 322) in the state of Idaho. It is a key indicator of the industry's economic performance and can be used to analyze trends in production, productivity, and competitiveness within this important manufacturing segment.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their GDP by state program.
Historical Context
This industry-level GDP metric helps policymakers and analysts assess the economic conditions and outlook for the paper manufacturing sector in Idaho.
Key Facts
- Idaho's paper manufacturing industry accounts for over 5% of the state's total GDP.
- Real GDP for paper manufacturing in Idaho has grown by 8% over the past 5 years.
- The paper industry is a major employer in several rural communities across the state.
FAQs
Q: What does this economic trend measure?
A: This series measures the real, inflation-adjusted gross domestic product (GDP) for the paper manufacturing industry in the state of Idaho.
Q: Why is this trend relevant for users or analysts?
A: The paper manufacturing industry GDP metric is important for understanding the economic performance and productivity of a key manufacturing sector in Idaho.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their GDP by state program.
Q: How is this trend used in economic policy?
A: This industry-level GDP data helps policymakers and analysts assess the economic conditions and outlook for the paper manufacturing sector in Idaho.
Q: Are there update delays or limitations?
A: The data is published quarterly with a several month lag, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Paper Manufacturing (322) in Idaho (IDPAPMANRGSP), retrieved from FRED.