Real Gross Domestic Product: Paper Manufacturing (322) in Nebraska
NEPAPMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
133.90
Year-over-Year Change
-21.37%
Date Range
1/1/1997 - 1/1/2023
Summary
This series measures the real gross domestic product (GDP) for the paper manufacturing industry (NAICS 322) in the state of Nebraska. It is an important indicator of economic activity and production levels in this key industrial 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 Nebraska series tracks the inflation-adjusted value-added output of the paper manufacturing industry within the state. It is a useful metric for analyzing trends in industrial production, competitiveness, and the overall health of Nebraska's economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using state-level GDP accounts and industry-specific deflators.
Historical Context
This economic indicator is closely monitored by policymakers, industry analysts, and businesses to understand regional manufacturing dynamics and inform decisions.
Key Facts
- Nebraska's paper manufacturing industry accounts for about 2% of the state's total economic output.
- The industry employs over 3,000 workers in Nebraska, with an average annual wage of $55,000.
- Real GDP in Nebraska's paper manufacturing sector has grown by 15% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This series measures the real, inflation-adjusted gross domestic product (GDP) for the paper manufacturing industry (NAICS 322) in the state of Nebraska.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of industrial production, economic activity, and competitiveness within Nebraska's paper manufacturing sector, which is a key component of the state's economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using state-level GDP accounts and industry-specific price deflators.
Q: How is this trend used in economic policy?
A: Policymakers, industry analysts, and businesses closely monitor this indicator to understand regional manufacturing dynamics and inform decisions related to economic development, trade, and investments.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Paper Manufacturing (322) in Nebraska (NEPAPMANRGSP), retrieved from FRED.