Gross Domestic Product: Manufacturing (31-33) in Indiana
INMANNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
138,162.60
Year-over-Year Change
15.36%
Date Range
1/1/2005 - 1/1/2025
Summary
The Gross Domestic Product: Manufacturing (31-33) in Indiana measures the total economic output of the manufacturing sector in the state. It is a key indicator of the health and performance of Indiana's industrial 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
This metric represents the total value added by manufacturing industries in Indiana, including production, processing, and assembly activities. It is an important barometer for economists and policymakers to gauge the state's economic competitiveness and development.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and administrative records.
Historical Context
This manufacturing GDP data informs decisions around economic development, workforce planning, and industrial policy in Indiana.
Key Facts
- Indiana's manufacturing GDP accounts for over 28% of the state's total economic output.
- The manufacturing sector employs nearly 500,000 workers in Indiana, or about 17% of the state's total workforce.
- Indiana's manufacturing GDP has grown by an average of 2.5% per year over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total economic output of the manufacturing sector in the state of Indiana, including production, processing, and assembly activities.
Q: Why is this trend relevant for users or analysts?
A: This manufacturing GDP data is a key indicator of Indiana's industrial competitiveness and economic development, informing decisions around workforce, policy, and investment.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and administrative records.
Q: How is this trend used in economic policy?
A: This manufacturing GDP data is used by economists, policymakers, and businesses to inform decisions around economic development, workforce planning, and industrial policy in Indiana.
Q: Are there update delays or limitations?
A: The manufacturing GDP data for Indiana is published quarterly with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Manufacturing (31-33) in Indiana (INMANNQGSP), retrieved from FRED.