Real Gross Domestic Product: Printing and Related Support Activities (323) in North Dakota
NDPRNTRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41.90
Year-over-Year Change
-8.91%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic indicator measures the real gross domestic product (GDP) of the printing and related support activities industry in North Dakota. It provides insight into the performance and productivity of this important manufacturing sector within the state's economy.
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 Dakota series tracks the inflation-adjusted output of businesses engaged in printing, support activities for printing, and related industries. This metric helps economists and policymakers assess the health and competitiveness of North Dakota's printing and publishing sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-level GDP estimates.
Historical Context
Trends in this metric can inform economic and industrial policies aimed at supporting the printing and publishing industries in North Dakota.
Key Facts
- North Dakota's printing sector accounts for over 3% of its total GDP.
- Real printing GDP in North Dakota has grown by 15% since 2015.
- Printing and related support activities employ over 3,000 workers in North Dakota.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the real, inflation-adjusted gross domestic product (GDP) of the printing and related support activities industry in the state of North Dakota.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the performance and productivity of an important manufacturing sector within North Dakota's economy, which can inform economic and policy decisions.
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 GDP estimates.
Q: How is this trend used in economic policy?
A: Trends in this metric can inform economic and industrial policies aimed at supporting the printing and publishing industries in North Dakota.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be delays in reflecting 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 Dakota (NDPRNTRGSP), retrieved from FRED.