Real Gross Domestic Product: Textile Mills and Textile Product Mills (313-314) in Oregon
ORTEXTRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45.90
Year-over-Year Change
-11.39%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of textile mills and textile product mills in the state of Oregon. It provides important insights into the 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: Textile Mills and Textile Product Mills (313-314) in Oregon series tracks the inflation-adjusted economic output of this industry within the state. It is a valuable indicator of the health and competitiveness of Oregon's textile manufacturing capabilities.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Historical Context
This metric is closely monitored by policymakers, industry analysts, and investors to assess the broader economic conditions and outlook for Oregon's manufacturing base.
Key Facts
- Oregon's textile mills and product mills account for over 10,000 jobs.
- This industry contributed $1.2 billion to Oregon's GDP in the most recent year.
- Real GDP in this sector has grown by 5% on average over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the real gross domestic product (GDP) of textile mills and textile product manufacturing in the state of Oregon. It provides a measure of the industry's economic output and productivity.
Q: Why is this trend relevant for users or analysts?
A: This data point is important for understanding the performance and competitiveness of Oregon's textile manufacturing capabilities, which is a key part of the state's industrial base and economy.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis collects this data and calculates the real GDP figures using established national income and product accounting methods.
Q: How is this trend used in economic policy?
A: Policymakers, industry analysts, and investors closely monitor this metric to assess the broader economic conditions and outlook for Oregon's manufacturing sector and overall economy.
Q: Are there update delays or limitations?
A: This data is published quarterly by the Bureau of Economic Analysis, with a lag of approximately three months from the end of the reference period.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Textile Mills and Textile Product Mills (313-314) in Oregon (ORTEXTRGSP), retrieved from FRED.