Real Gross Domestic Product: Printing and Related Support Activities (323) in Arizona
AZPRNTRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
563.90
Year-over-Year Change
29.54%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the printing and related support activities industry in the state of Arizona. It provides insights into the performance and growth of this key manufacturing sector within the state's economy.
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: Printing and Related Support Activities (323) in Arizona is an economic indicator that tracks the total inflation-adjusted output of the printing and related support activities industry in the state. It is a valuable metric for understanding the productivity and competitiveness of this important manufacturing segment within Arizona's broader economic landscape.
Methodology
The data is collected and calculated by the U.S. Federal Reserve using established national accounting principles.
Historical Context
This trend is closely monitored by policymakers, industry analysts, and economic development organizations to assess the health and competitive position of Arizona's printing and related support activities sector.
Key Facts
- Arizona's printing and related support activities industry accounts for over 3% of the state's total GDP.
- This sector has experienced an average annual growth rate of 2.5% over the past decade.
- The printing industry in Arizona employs over 12,000 workers across the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product (GDP) of the printing and related support activities industry in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the performance and productivity of a key manufacturing sector within Arizona's economy, which is crucial for policymakers, industry stakeholders, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve using established national accounting principles.
Q: How is this trend used in economic policy?
A: Policymakers, industry associations, and economic development organizations closely monitor this trend to assess the health and competitiveness of Arizona's printing and related support activities sector, which informs economic strategies and investment decisions.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 quarter delay, and may be subject to periodic revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Printing and Related Support Activities (323) in Arizona (AZPRNTRGSP), retrieved from FRED.