Gross Domestic Product: Manufacturing (31-33) in Louisiana
Annual, Not Seasonally Adjusted
LAMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59,406.80
Year-over-Year Change
13.63%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted trend measures the annual manufacturing output in the United States. It is a key economic indicator used to assess the health and productivity of the U.S. 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
This trend represents the total output of goods produced by U.S. manufacturing industries on an annual, non-seasonally adjusted basis. It is a widely followed metric that provides insight into the overall strength and direction of the nation's manufacturing activities.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of manufacturing establishments.
Historical Context
Policymakers and market analysts closely monitor this trend to gauge the performance and competitiveness of the U.S. manufacturing industry.
Key Facts
- Manufacturing accounts for approximately 11% of U.S. GDP.
- The U.S. is the world's second-largest manufacturing economy.
- Manufacturing productivity has increased by over 50% since the 1980s.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted trend measures the total output of goods produced by U.S. manufacturing industries on an annual, non-seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the overall health and productivity of the U.S. manufacturing sector, which is a key driver of economic growth and a major component of the national economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on surveys of manufacturing establishments.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this trend to gauge the performance and competitiveness of the U.S. manufacturing industry, which informs economic policies and investment decisions.
Q: Are there update delays or limitations?
A: The Annual, Not Seasonally Adjusted data is released by the Federal Reserve with a delay of several months, and may be subject to revisions as more complete information becomes available.
Related Trends
Chain-Type Quantity Index for Real GDP: Nonmetallic Mineral Product Manufacturing (327) in Louisiana
LANMMPMANQGSP
Real Gross Domestic Product: Nonmetallic Mineral Product Manufacturing (327) in Louisiana
LANMMPMANRGSP
Gross Domestic Product: Chemical Manufacturing (325) in Louisiana
LACHEMMANNGSP
Regional Price Parities: Goods for Louisiana
LARPPGOOD
Health Care and Social Assistance Earnings in Louisiana
LAEHEA
Gross Domestic Product: Support Activities for Mining (213) in Louisiana
LASAMINNGSP
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAMANNGSP), retrieved from FRED.