Real Gross Domestic Product: Miscellaneous Manufacturing (339) in Louisiana
LAMISCMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
470.90
Year-over-Year Change
69.21%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) for the miscellaneous manufacturing industry in Louisiana. It provides insights into the state's economic performance and 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
The Real Gross Domestic Product: Miscellaneous Manufacturing (339) in Louisiana series represents the inflation-adjusted value added by the miscellaneous manufacturing industry to the state's overall economic output. It is a key indicator of manufacturing activity and productivity in Louisiana.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on survey responses and economic models.
Historical Context
This trend is used by policymakers, economists, and businesses to analyze Louisiana's economic conditions and industrial composition.
Key Facts
- Louisiana's miscellaneous manufacturing industry accounts for approximately 3% of the state's total GDP.
- Real GDP in Louisiana's miscellaneous manufacturing sector has grown by 12% over the past 5 years.
- The miscellaneous manufacturing industry includes products such as medical equipment, office supplies, and sporting goods.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) for the miscellaneous manufacturing industry in Louisiana, providing insights into the state's economic performance and manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the economic activity and productivity of Louisiana's manufacturing sector, which is an important component of the state's overall economy.
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 survey responses and economic models.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and businesses to analyze Louisiana's economic conditions and industrial composition, informing decision-making and policy development.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the U.S. Bureau of Economic Analysis, with a lag of several months. There may be revisions to historical data as more information becomes available.
Related Trends
Leading Index for Louisiana
LASLIND
Implicit Regional Price Deflator: Nonmetropolitan Portion for Louisiana
LANMPIRPD
High School Graduate or Higher for Louisiana
GCT1501LA
All Employees: Manufacturing: Durable Goods: Transportation Equipment Manufacturing in Louisiana
SMU22000003133600001SA
Number of Identified Exporters to Ireland from Louisiana
LAIRLA475SCEN
Unemployment Level for Louisiana
UNEMPLOYLA
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Miscellaneous Manufacturing (339) in Louisiana (LAMISCMANRGSP), retrieved from FRED.