Chain-Type Quantity Index for Real GDP: Paper Manufacturing (322) in North Dakota
NDPAPMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.26
Year-over-Year Change
-9.72%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Paper Manufacturing (322) in North Dakota measures the real output of the paper manufacturing industry in the state. This metric is important for economists and policymakers to understand the productivity and competitiveness of a key North Dakota industry.
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 Chain-Type Quantity Index tracks changes in the real, inflation-adjusted output of the paper manufacturing sector in North Dakota. This index is a key indicator of the industry's contribution to the state's overall economic growth and productivity.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology.
Historical Context
This metric provides insight into the health and competitiveness of North Dakota's paper manufacturing industry, which has important implications for the state's economic policy and business environment.
Key Facts
- North Dakota is a major U.S. producer of paper products.
- The paper manufacturing industry employs over 2,000 workers in the state.
- This index tracks real output, adjusting for inflation.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Paper Manufacturing (322) in North Dakota measures the real, inflation-adjusted output of the paper manufacturing industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the productivity and competitiveness of a key North Dakota industry, which has implications for the state's overall economic growth and business environment.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology.
Q: How is this trend used in economic policy?
A: This index can inform economic policymakers and analysts about the health and performance of North Dakota's paper manufacturing industry, which is relevant for business, trade, and workforce development policies.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Federal Reserve, with potential delays of several months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Paper Manufacturing (322) in North Dakota (NDPAPMANQGSP), retrieved from FRED.