Gross Domestic Product: Paper Manufacturing (322) in Pennsylvania
PAPAPMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,567.80
Year-over-Year Change
18.31%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the Gross Domestic Product (GDP) for the paper manufacturing industry (NAICS 322) in the state of Pennsylvania. It provides important insights into the performance and economic contribution of 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 PAPAPMANNGSP series tracks the total value of goods and services produced by Pennsylvania's paper manufacturing industry. This metric is a crucial indicator of the sector's productivity, growth, and overall economic impact within the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established GDP accounting methodologies.
Historical Context
Policymakers and industry analysts closely monitor this trend to gauge the health and competitiveness of Pennsylvania's paper manufacturing sector.
Key Facts
- Pennsylvania is a major hub for paper manufacturing in the U.S.
- The paper industry accounts for over 25,000 jobs in the state.
- GDP in Pennsylvania's paper sector has grown by 8% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total Gross Domestic Product (GDP) generated by the paper manufacturing industry (NAICS 322) in the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insights into the productivity, growth, and economic impact of Pennsylvania's paper manufacturing sector, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established GDP accounting methodologies.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts closely monitor this trend to gauge the health and competitiveness of Pennsylvania's paper manufacturing sector, which informs economic development strategies and policy decisions.
Q: Are there update delays or limitations?
A: The data is typically published on a quarterly basis, with a 2-3 month delay from the end of the reference period.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Paper Manufacturing (322) in Pennsylvania (PAPAPMANNGSP), retrieved from FRED.