Real Gross Domestic Product: Printing and Related Support Activities (323) in North Carolina
NCPRNTRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
933.10
Year-over-Year Change
-4.96%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the printing and related support activities industry in North Carolina. It provides important insights into the performance and economic contribution 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: Printing and Related Support Activities (323) in North Carolina series tracks the inflation-adjusted total economic output of establishments primarily engaged in printing, such as commercial printing, digital printing, and book publishing. This metric helps analysts and policymakers understand the industry's growth, productivity, and competitive position.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Trends in this industry's GDP are closely monitored by state economic development agencies and industry associations to inform policies and investment decisions.
Key Facts
- North Carolina is a major printing hub, home to over 1,000 printing establishments.
- The printing industry accounts for over 20,000 jobs in the state.
- Real GDP in North Carolina's printing sector has grown by 15% since 2015.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product (GDP) of the printing and related support activities industry in the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the performance and economic contribution of North Carolina's printing industry, which is a key manufacturing sector in the state.
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: Trends in this industry's GDP are closely monitored by state economic development agencies and industry associations to inform policies and investment decisions.
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, Real Gross Domestic Product: Printing and Related Support Activities (323) in North Carolina (NCPRNTRGSP), retrieved from FRED.