Gross Domestic Product: Petroleum and Coal Products Manufacturing (324) in the Southeast BEA Region
SESTPETCOALMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34,673.10
Year-over-Year Change
13.64%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the petroleum and coal products manufacturing industry in the Southeast Bureau of Economic Analysis (BEA) region. It provides important insights into the economic activity and production levels 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 Gross Domestic Product: Petroleum and Coal Products Manufacturing (324) in the Southeast BEA Region is a key economic indicator that tracks the total output and value-added production of the petroleum refining and coal manufacturing industries across the Southeast United States. It is used by economists and policymakers to analyze regional economic trends and the performance of this critical energy and industrial supply chain.
Methodology
This data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of their regional GDP accounts.
Historical Context
The GDP of the petroleum and coal products industry is closely watched as it reflects broader trends in energy markets, industrial production, and regional economic conditions.
Key Facts
- The Southeast BEA region includes Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia.
- Petroleum and coal products manufacturing account for a significant portion of industrial output and GDP in the Southeast.
- This metric can signal shifts in regional energy markets, infrastructure investment, and economic competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the petroleum and coal products manufacturing industry in the Southeast Bureau of Economic Analysis (BEA) region.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the economic activity and production levels of a critical energy and industrial sector, which can signal broader trends in regional economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of their regional GDP accounts.
Q: How is this trend used in economic policy?
A: The GDP of the petroleum and coal products industry is closely watched by economists and policymakers as it reflects broader trends in energy markets, industrial production, and regional economic competitiveness.
Q: Are there update delays or limitations?
A: There may be update delays or revisions to this data series due to the complexities of regional economic accounting.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Petroleum and Coal Products Manufacturing (324) in the Southeast BEA Region (SESTPETCOALMANNGSP), retrieved from FRED.