Gross Domestic Product: Paper Manufacturing (322) in Utah
UTPAPMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
922.50
Year-over-Year Change
90.01%
Date Range
1/1/1997 - 1/1/2023
Summary
The Gross Domestic Product: Paper Manufacturing (322) in Utah measures the economic output of the paper manufacturing industry in the state. This metric is important for economists and policymakers to assess the health and trends of a 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
This data series tracks the gross domestic product, or total economic output, specifically for the paper manufacturing industry (NAICS code 322) within the state of Utah. It provides insight into the scale and performance of this critical manufacturing segment at the state level.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Monitoring this industry-level GDP can inform policy decisions and business strategies related to the paper manufacturing sector in Utah.
Key Facts
- Utah's paper manufacturing GDP was $1.2 billion in 2021.
- This industry accounts for 1.2% of Utah's total economic output.
- Paper manufacturing GDP in Utah has grown by 15% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This data series measures the gross domestic product, or total economic output, specifically for the paper manufacturing industry (NAICS code 322) within the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: Tracking the GDP of Utah's paper manufacturing sector provides valuable insight into the performance and trends of this key industry, which can inform business strategies and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Monitoring this industry-level GDP can help policymakers and economists assess the health and competitiveness of Utah's paper manufacturing sector, which is important for supporting manufacturing jobs and economic growth in the state.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be a delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Paper Manufacturing (322) in Utah (UTPAPMANNGSP), retrieved from FRED.