Gross Domestic Product: Paper Manufacturing (322) in Missouri
MOPAPMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,559.60
Year-over-Year Change
1.40%
Date Range
1/1/1997 - 1/1/2023
Summary
The Gross Domestic Product: Paper Manufacturing (322) in Missouri measures the total economic output of the paper manufacturing industry in the state. It is an important indicator for understanding regional economic trends and productivity.
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 total value added by the paper manufacturing industry to Missouri's overall gross domestic product. It provides insight into the size, growth, and health of this key manufacturing sector within the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-level production statistics.
Historical Context
Policymakers and industry analysts use this metric to evaluate the competitiveness and outlook for Missouri's paper manufacturing sector.
Key Facts
- Missouri is a major paper-producing state, ranking 7th nationally.
- Paper manufacturing accounts for over 4% of Missouri's total GDP.
- The industry employs over 12,000 workers in the state.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total economic output or value added by the paper manufacturing industry in the state of Missouri.
Q: Why is this trend relevant for users or analysts?
A: It provides insights into the size, growth, and competitiveness of a key manufacturing sector within Missouri's regional economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-level production statistics.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this metric to evaluate the outlook and competitiveness of Missouri's paper manufacturing sector.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Paper Manufacturing (322) in Missouri (MOPAPMANNGSP), retrieved from FRED.