Gross Domestic Product: Support Activities for Mining (213) in Arizona
AZSAMINNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
182.50
Year-over-Year Change
76.84%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the gross domestic product (GDP) from support activities for mining in the state of Arizona. It provides insights into the economic performance and significance of the mining industry in 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 Gross Domestic Product: Support Activities for Mining (213) in Arizona series represents the total economic output generated by businesses and organizations engaged in support activities for the mining industry in the state. This metric is useful for analyzing the role of the mining sector in Arizona's overall economic landscape.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on surveys and economic modeling.
Historical Context
This trend is relevant for policymakers, investors, and industry analysts to understand the economic importance of the mining sector in Arizona.
Key Facts
- Arizona is a major mining state, producing copper, gold, and other valuable resources.
- The mining industry accounts for a significant portion of Arizona's GDP.
- Support activities for mining include exploration, extraction, and related services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) generated by support activities for the mining industry in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the economic importance and performance of the mining sector in Arizona, which is useful for policymakers, investors, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on surveys and economic modeling.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to understand the role of the mining industry in Arizona's overall economic landscape and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the regular release schedule and potential revisions by the BEA.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Support Activities for Mining (213) in Arizona (AZSAMINNGSP), retrieved from FRED.