Real Gross Domestic Product: Petroleum and Coal Products Manufacturing (324) in Arizona
AZPETCOALMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.80
Year-over-Year Change
59.06%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) of the petroleum and coal products manufacturing industry in Arizona. It provides insights into the economic performance and productivity of this crucial 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 GDP for the petroleum and coal products manufacturing industry in Arizona represents the total value of goods and services produced by this sector, adjusted for inflation. It is an important indicator of the industry's contribution to the state's overall economic growth and competitiveness.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This trend is closely monitored by policymakers, industry analysts, and investors to understand the dynamics of Arizona's energy-related manufacturing sector and its impact on the state's economy.
Key Facts
- Arizona is a major producer of petroleum and coal products in the United States.
- The petroleum and coal products manufacturing industry is a significant contributor to Arizona's GDP.
- This trend has shown steady growth over the past decade, reflecting the industry's importance to the state's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the petroleum and coal products manufacturing industry in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the economic performance and productivity of a crucial sector in Arizona's economy, which is important for policymakers, industry analysts, and investors.
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 principles.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers to understand the dynamics of Arizona's energy-related manufacturing sector and its impact on the state's overall economy.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, but there may be some delay in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Petroleum and Coal Products Manufacturing (324) in Arizona (AZPETCOALMANRGSP), retrieved from FRED.