Real Gross Domestic Product: Paper Manufacturing (322) in Indiana
INPAPMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,312.70
Year-over-Year Change
40.01%
Date Range
1/1/1997 - 1/1/2023
Summary
The Real Gross Domestic Product: Paper Manufacturing (322) in Indiana measures the inflation-adjusted economic output of the paper manufacturing industry in the state of Indiana. This trend provides insights into the health and productivity of a key manufacturing sector in the Midwest.
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: Paper Manufacturing (322) in Indiana series represents the real, inflation-adjusted value added by the paper manufacturing industry to the overall economy of Indiana. It is an important indicator for policymakers and economists to gauge the competitiveness and productivity of this manufacturing subsector within the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This economic trend is widely referenced by analysts, investors, and policymakers to understand regional manufacturing dynamics and inform economic development strategies.
Key Facts
- Indiana is one of the largest paper manufacturing states in the U.S.
- The paper industry accounts for over 20,000 jobs in Indiana.
- Paper manufacturing contributed over $3 billion to Indiana's GDP in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product (GDP) of the paper manufacturing industry in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the productivity and competitiveness of a key manufacturing sector in the Indiana economy, which is crucial for understanding regional economic dynamics.
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 and economists reference this trend to inform economic development strategies and understand the manufacturing landscape in the Midwest region.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be delays in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Paper Manufacturing (322) in Indiana (INPAPMANRGSP), retrieved from FRED.