Real Gross Domestic Product: Printing and Related Support Activities (323) in Illinois
ILPRNTRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,093.20
Year-over-Year Change
-20.03%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) of the printing and related support activities industry in Illinois. It provides insights into the economic performance and productivity of this key manufacturing sector within 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
The Real Gross Domestic Product: Printing and Related Support Activities (323) in Illinois series tracks the inflation-adjusted value added by the printing industry to the state's overall economic output. It is a key indicator of the industry's competitiveness, efficiency, and contribution to Illinois' economic growth.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This metric is closely monitored by policymakers, industry analysts, and business leaders to assess Illinois' manufacturing capabilities and competitiveness.
Key Facts
- Illinois is a leading U.S. state for printing and publishing activities.
- The printing industry contributes over $5 billion annually to Illinois' GDP.
- Technological advancements have driven productivity gains in the sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product of the printing and related support activities industry within the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: The printing industry is a crucial component of Illinois' manufacturing base, and this metric provides insights into its economic performance and competitiveness.
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: Policymakers, industry analysts, and business leaders monitor this metric to assess Illinois' manufacturing capabilities and competitiveness.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically several months after the end of the reference period.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Printing and Related Support Activities (323) in Illinois (ILPRNTRGSP), retrieved from FRED.