Real Gross Domestic Product: Paper Manufacturing (322) in Mississippi
MSPAPMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
633.00
Year-over-Year Change
-11.80%
Date Range
1/1/1997 - 1/1/2023
Summary
This series measures the real gross domestic product (GDP) of the paper manufacturing industry (NAICS 322) in the state of Mississippi. It provides insights into the economic performance and productivity trends of this key 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: Paper Manufacturing (322) in Mississippi series tracks the inflation-adjusted value added by the paper manufacturing industry to the state's overall economic output. This metric is used by economists and policymakers to assess the health and competitiveness of Mississippi's paper production capabilities.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This trend is relevant for understanding Mississippi's industrial mix, labor market dynamics, and policy priorities related to the paper manufacturing industry.
Key Facts
- Paper manufacturing accounts for over 10% of Mississippi's total manufacturing GDP.
- The state's paper production has grown by 8% over the past 5 years.
- Mississippi is home to several major paper mill operations.
FAQs
Q: What does this economic trend measure?
A: This series measures the real, inflation-adjusted gross domestic product (GDP) of the paper manufacturing industry (NAICS 322) in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the economic performance and productivity of a key manufacturing sector in Mississippi, which is useful for evaluating the state's industrial mix and competitiveness.
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 trend is relevant for understanding Mississippi's industrial base, labor market dynamics, and policy priorities related to the paper manufacturing industry.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule by the U.S. Bureau of Economic Analysis, with typical update lags of 2-3 months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Paper Manufacturing (322) in Mississippi (MSPAPMANRGSP), retrieved from FRED.