Gross Domestic Product: Miscellaneous Manufacturing (339) in Minnesota
MNMISCMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,112.00
Year-over-Year Change
53.56%
Date Range
1/1/1997 - 1/1/2023
Summary
The Gross Domestic Product: Miscellaneous Manufacturing (339) in Minnesota metric tracks the economic output of the miscellaneous manufacturing sector in the state. This data provides valuable insights into Minnesota's industrial diversification 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 measures the total value of goods and services produced by the miscellaneous manufacturing industry in Minnesota, one of the key components of the state's manufacturing base. It is used by economists and policymakers to analyze Minnesota's economic trends and competitiveness.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis through surveys and economic modeling.
Historical Context
This metric informs decisions around economic development, trade, and industrial policy at the state and federal levels.
Key Facts
- Minnesota's miscellaneous manufacturing sector accounts for over 5% of the state's total GDP.
- This industry includes a diverse range of products like medical equipment, sporting goods, and office supplies.
- The miscellaneous manufacturing GDP in Minnesota has grown by 12% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total economic output of the miscellaneous manufacturing industry in the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into Minnesota's economic diversification and the performance of a key manufacturing subsector.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis collects this data through surveys and economic modeling.
Q: How is this trend used in economic policy?
A: This metric informs decisions around economic development, trade, and industrial policy at the state and federal levels.
Q: Are there update delays or limitations?
A: The data is published quarterly with a delay of approximately 2 months.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Miscellaneous Manufacturing (339) in Minnesota (MNMISCMANNGSP), retrieved from FRED.