Gross Domestic Product: Chemical Manufacturing (325) in South Carolina
SCCHEMMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,261.00
Year-over-Year Change
65.68%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the chemical manufacturing industry (NAICS 325) in the state of South Carolina. It provides valuable insights into the performance and economic contribution of this key 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 Gross Domestic Product: Chemical Manufacturing (325) in South Carolina series tracks the total economic output of the chemical manufacturing industry within the state. This metric is widely used by economists and policymakers to analyze the health and competitiveness of South Carolina's chemical production sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their comprehensive GDP by state and industry statistics.
Historical Context
This economic trend is closely monitored by state and federal officials to inform policy decisions and investments related to the chemical manufacturing industry.
Key Facts
- Chemical manufacturing accounts for over 10% of South Carolina's total GDP.
- The state's chemical industry employs more than 20,000 workers.
- South Carolina is a leading producer of plastics, rubber, and specialty chemicals.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total economic output or gross domestic product (GDP) of the chemical manufacturing industry (NAICS 325) in the state of South Carolina.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the performance and competitiveness of South Carolina's chemical production sector, which is a critical component 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 as part of their comprehensive GDP by state and industry statistics.
Q: How is this trend used in economic policy?
A: This economic trend is closely monitored by state and federal officials to inform policy decisions and investments related to the chemical manufacturing industry in South Carolina.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a short lag, providing timely information on the state's chemical manufacturing sector.
Related Trends
All Employees: Other Services: Repair and Maintenance in South Carolina
SMU45000008081100001SA
Gross Domestic Product: Ambulatory Health Care Services (621) in South Carolina
SCAMBHCNGSP
Employed Involuntary Part-Time for South Carolina
INVOLPTEMPSC
Gross Domestic Product: Mining (Except Oil and Gas) (212) in South Carolina
SCMINEXOILGASNGSP
Real Gross Domestic Product: Real Estate and Rental and Leasing (53) in South Carolina
SCRERENTLEARGSP
Estimate of Related Children Age 5-17 in Families in Poverty for South Carolina
PE5T17SC45000A647NCEN
Citation
U.S. Federal Reserve, Gross Domestic Product: Chemical Manufacturing (325) in South Carolina (SCCHEMMANNGSP), retrieved from FRED.