Real Gross Domestic Product: Paper Manufacturing (322) in Alabama
ALPAPMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,787.00
Year-over-Year Change
-0.64%
Date Range
1/1/1997 - 1/1/2023
Summary
This series measures the real gross domestic product (GDP) of the paper manufacturing industry in Alabama. It provides insights into the economic performance and productivity of this key manufacturing sector within the state.
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: Paper Manufacturing (322) in Alabama series tracks the inflation-adjusted output of the paper manufacturing industry, a critical component of Alabama's broader manufacturing economy. This metric is used by economists and policymakers to analyze industrial activity and productivity trends.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting frameworks.
Historical Context
This series is relevant for understanding the competitive position and growth trajectory of Alabama's paper manufacturing industry within regional and national markets.
Key Facts
- Alabama is one of the top paper-producing states in the U.S.
- The paper industry accounts for over 25,000 jobs in Alabama.
- Paper manufacturing contributes over $6 billion annually to Alabama's GDP.
FAQs
Q: What does this economic trend measure?
A: This series measures the real (inflation-adjusted) gross domestic product of the paper manufacturing industry in the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the productivity and economic performance of a critical manufacturing sector within Alabama, which is useful for economists, policymakers, and industry stakeholders.
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 national accounting frameworks.
Q: How is this trend used in economic policy?
A: This series is relevant for understanding the competitiveness and growth trajectory of Alabama's paper manufacturing industry, which can inform economic development strategies and policies at the state and regional level.
Q: Are there update delays or limitations?
A: There may be lags in data availability, as this series is produced as part of the Bureau of Economic Analysis' regular reporting on state-level economic activity.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Paper Manufacturing (322) in Alabama (ALPAPMANRGSP), retrieved from FRED.