Real Gross Domestic Product: Plastics and Rubber Products Manufacturing (326) in Louisiana
LAPLASRUBMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
649.80
Year-over-Year Change
41.78%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) of the plastics and rubber products manufacturing industry in Louisiana. It provides insights into the economic performance and growth of this key manufacturing sector within the state.
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: Plastics and Rubber Products Manufacturing (326) in Louisiana series tracks the inflation-adjusted output of the plastics and rubber products manufacturing industry in the state. This metric is used by economists and policymakers to analyze the broader manufacturing landscape and identify trends in a critical industrial segment.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Historical Context
Monitoring this trend helps inform economic policy decisions and business strategies related to the manufacturing industry in Louisiana.
Key Facts
- Louisiana is a major hub for plastics and rubber manufacturing.
- This industry accounts for a significant portion of the state's GDP.
- Trends in this sector can signal broader shifts in Louisiana's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the plastics and rubber products manufacturing industry in the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: Tracking this trend provides insights into the economic performance and growth of a critical manufacturing sector in Louisiana, which can inform policy decisions and business strategies.
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 income and product accounting methods.
Q: How is this trend used in economic policy?
A: Monitoring this trend helps inform economic policy decisions and business strategies related to the manufacturing industry in Louisiana.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedule and potential revisions as other GDP-related statistics published by the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Plastics and Rubber Products Manufacturing (326) in Louisiana (LAPLASRUBMANRGSP), retrieved from FRED.