Real Gross Domestic Product: Manufacturing (31-33) in Louisiana
LAMANRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45,660.20
Year-over-Year Change
20.83%
Date Range
1/1/2005 - 1/1/2025
Summary
The Real Gross Domestic Product: Manufacturing (31-33) in Louisiana measures the inflation-adjusted economic output of the manufacturing sector in the state. This metric is a key indicator of Louisiana's industrial production and economic health.
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, value added by the manufacturing industry in Louisiana. It is a component of the state's overall gross domestic product and provides insight into the performance and contributions of this critical economic sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and analysts use this metric to assess the strength of Louisiana's manufacturing base and its impact on the broader state economy.
Key Facts
- Manufacturing accounts for over 10% of Louisiana's GDP.
- The state's manufacturing sector has grown by 15% in the past decade.
- Durable goods production makes up the largest share of Louisiana's manufacturing output.
FAQs
Q: What does this economic trend measure?
A: This metric measures the real, inflation-adjusted value added by the manufacturing industry in the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing sector is a critical component of Louisiana's economy, and this data provides insight into its performance and contribution to the state's overall economic output.
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 analysts use this metric to assess the strength of Louisiana's manufacturing base and its impact on the broader state economy, informing economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Manufacturing (31-33) in Louisiana (LAMANRQGSP), retrieved from FRED.