Real Gross Domestic Product: Printing and Related Support Activities (323) in South Carolina
SCPRNTRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
369.80
Year-over-Year Change
25.06%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) for the printing and related support activities industry (NAICS 323) in the state of South Carolina. It provides insight into the productivity and growth 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: Printing and Related Support Activities (323) in South Carolina series tracks the inflation-adjusted output of businesses in the printing and related support activities industry within the state. This metric is used by economists and policymakers to analyze the performance and competitiveness of South Carolina's manufacturing base.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using production indices and price deflators.
Historical Context
Trends in this metric are monitored by state and federal officials to inform economic development strategies and industrial policies.
Key Facts
- South Carolina is a leading state for printing and related industries.
- The printing sector accounts for over 20,000 jobs in the state.
- Real GDP in this industry has grown by 15% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the real (inflation-adjusted) gross domestic product of the printing and related support activities industry in the state of South Carolina.
Q: Why is this trend relevant for users or analysts?
A: Trends in this industry's productivity and output provide insight into the competitiveness and growth prospects of a key manufacturing sector in the state.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using production indices and price deflators.
Q: How is this trend used in economic policy?
A: State and federal officials monitor this metric to inform economic development strategies and industrial policies targeting the manufacturing sector.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Printing and Related Support Activities (323) in South Carolina (SCPRNTRGSP), retrieved from FRED.