Real Gross Domestic Product: Paper Manufacturing (322) in Arizona
AZPAPMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
345.00
Year-over-Year Change
34.08%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the paper manufacturing industry in the state of Arizona. It is an important indicator for understanding the state's economic performance and the health of the paper 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: Paper Manufacturing (322) in Arizona series tracks the inflation-adjusted value of goods and services produced by the paper manufacturing industry in Arizona. It provides insights into the productivity and competitiveness of this key industry within the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic modeling.
Historical Context
Policymakers and industry analysts use this trend to assess the paper manufacturing sector's contribution to Arizona's overall economic growth and competitiveness.
Key Facts
- Paper manufacturing accounts for over 5% of Arizona's total GDP.
- The state's paper industry employs more than 6,000 workers.
- Arizona ranks among the top 10 states for paper product exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product of the paper manufacturing industry in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: The paper manufacturing industry is a key component of Arizona's economy, and this trend provides valuable insights into the sector's productivity and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic modeling.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this trend to assess the paper manufacturing sector's contribution to Arizona's overall economic growth and competitiveness.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions and may have a delay of several months before the latest figures are published.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Paper Manufacturing (322) in Arizona (AZPAPMANRGSP), retrieved from FRED.