Real Gross Domestic Product: Private Industries in Oregon
ORPIRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
232,458.30
Year-over-Year Change
3.46%
Date Range
1/1/2005 - 1/1/2025
Summary
The Real Gross Domestic Product (GDP) for Private Industries in Oregon measures the inflation-adjusted economic output of the private sector in the state. It is a key indicator of Oregon's economic health and performance.
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
This GDP series provides a comprehensive measure of the economic activity of private industries in Oregon, excluding the government sector. It is used by analysts and policymakers to assess the state's economic growth, productivity, and competitiveness relative to national trends.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a variety of sources, including surveys and administrative records.
Historical Context
The Real GDP for Private Industries in Oregon is closely monitored by state and local governments, businesses, and economic development organizations to inform policy decisions and investment strategies.
Key Facts
- Oregon's private industries account for over 80% of the state's total economic output.
- The Real GDP for Private Industries in Oregon grew by 3.2% in 2021.
- Manufacturing is the largest private industry in Oregon, contributing over 20% to the state's GDP.
FAQs
Q: What does this economic trend measure?
A: The Real Gross Domestic Product (GDP) for Private Industries in Oregon measures the inflation-adjusted economic output of the private sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This GDP series is a key indicator of Oregon's economic health and performance, used by analysts and policymakers to assess the state's economic growth, productivity, and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a variety of sources, including surveys and administrative records.
Q: How is this trend used in economic policy?
A: The Real GDP for Private Industries in Oregon is closely monitored by state and local governments, businesses, and economic development organizations to inform policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Economic Analysis, with a typical lag of 2-3 months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Private Industries in Oregon (ORPIRQGSP), retrieved from FRED.