Gross Domestic Product: Paper Manufacturing (322) in Louisiana
LAPAPMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,297.40
Year-over-Year Change
45.23%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the paper manufacturing industry (NAICS 322) in the state of Louisiana. It provides important insights into the performance and productivity of a key manufacturing sector within the state's 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
The Gross Domestic Product: Paper Manufacturing (322) in Louisiana series tracks the total economic output of the paper manufacturing industry in Louisiana. This metric is used by economists and policymakers to analyze the health and competitiveness of Louisiana's industrial base and identify trends that may inform economic development strategies.
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 relevant for understanding Louisiana's manufacturing landscape and can inform decisions around industrial policy, investment, and workforce development.
Key Facts
- Louisiana is a major paper manufacturing hub in the U.S.
- Paper manufacturing accounts for over 5% of Louisiana's GDP.
- The industry employs more than 10,000 workers in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the paper manufacturing industry (NAICS 322) in the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and productivity of a key manufacturing sector within Louisiana's economy, which is valuable for economic analysis and policymaking.
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: This economic trend is relevant for understanding Louisiana's manufacturing landscape and can inform decisions around industrial policy, investment, and workforce development.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Bureau of Economic Analysis, but may be subject to revisions and updates based on new information.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Paper Manufacturing (322) in Louisiana (LAPAPMANNGSP), retrieved from FRED.