Real Gross Domestic Product: Mining (Except Oil and Gas) (212) in North Carolina
NCMINEXOILGASRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
939.30
Year-over-Year Change
142.84%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the mining industry, excluding oil and gas, in the state of North Carolina. It provides insights into the economic output and performance of this important 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: Mining (Except Oil and Gas) (212) in North Carolina series tracks the real output of the mining industry, excluding oil and gas extraction, in the state. This data is used by economists and policymakers to analyze the economic health and productivity of this industry within the broader North Carolina economy.
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 the role of the mining sector in North Carolina's overall economic performance and informing policy decisions.
Key Facts
- Mining (except oil and gas) accounts for approximately 1% of North Carolina's GDP.
- This industry employed over 6,000 workers in North Carolina as of the latest data.
- Real GDP in the North Carolina mining sector has grown by 15% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the mining industry, excluding oil and gas, in the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the economic performance and productivity of the mining sector in North Carolina, which is an important component of the state's overall 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 established national accounting principles.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze the role of the mining industry in North Carolina's economic growth and to inform policy decisions related to this sector.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates by the U.S. Bureau of Economic Analysis, and may have a delay of several months from the reference period.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Mining (Except Oil and Gas) (212) in North Carolina (NCMINEXOILGASRGSP), retrieved from FRED.