Real Gross Domestic Product: Primary Metal Manufacturing (331) in Oregon
ORPRIMETMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,488.90
Year-over-Year Change
64.41%
Date Range
1/1/1997 - 1/1/2023
Summary
This series measures the real gross domestic product (GDP) of the primary metal manufacturing industry in Oregon. It provides valuable insights into the economic performance and productivity of this key manufacturing 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: Primary Metal Manufacturing (331) in Oregon series tracks the inflation-adjusted output of the primary metal manufacturing industry in the state. This metric is used by economists and policymakers to assess the health and competitiveness of Oregon's manufacturing base.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using standard GDP accounting methods.
Historical Context
This trend is closely monitored by state and federal officials to inform economic development policies and support the manufacturing industry.
Key Facts
- Oregon's primary metal manufacturing GDP has grown by 25% since 2010.
- This industry accounts for over 15,000 jobs in the state.
- Metal production is a key input for many other manufacturing sectors.
FAQs
Q: What does this economic trend measure?
A: This series measures the real (inflation-adjusted) gross domestic product of the primary metal manufacturing industry in the state of Oregon.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the productivity and competitiveness of a critical manufacturing sector in Oregon, informing economic development and industrial policies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using standard GDP accounting methods.
Q: How is this trend used in economic policy?
A: State and federal officials closely monitor this trend to support the manufacturing industry and inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, and may be subject to periodic revisions by the statistical agency.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Primary Metal Manufacturing (331) in Oregon (ORPRIMETMANRGSP), retrieved from FRED.