Gross Domestic Product: Paper Manufacturing (322) in Delaware
DEPAPMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
290.80
Year-over-Year Change
114.14%
Date Range
1/1/1997 - 1/1/2023
Summary
This series measures the gross domestic product (GDP) of the paper manufacturing industry (NAICS 322) in the state of Delaware. It provides insights into the economic performance and contribution of this key industrial 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 GDP for paper manufacturing in Delaware represents the total value of goods and services produced by this industry in the state. It is a crucial indicator of the economic health and competitiveness of Delaware's paper manufacturing sector, which is an important part of the state's overall economic landscape.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic modeling.
Historical Context
This metric is closely watched by policymakers, industry analysts, and economic development agencies to gauge the vitality of Delaware's manufacturing capabilities and support targeted policies.
Key Facts
- Delaware's paper manufacturing GDP was $XXX billion in the most recent year.
- The paper industry accounts for X% of Delaware's total economic output.
- GDP in this sector has grown/declined by Y% over the past Z years.
FAQs
Q: What does this economic trend measure?
A: This metric measures the gross domestic product (GDP) of the paper manufacturing industry (NAICS 322) within the state of Delaware. It quantifies the total economic output of this key sector.
Q: Why is this trend relevant for users or analysts?
A: The paper manufacturing GDP in Delaware is an important indicator of the health and competitiveness of this industry within the state. It helps policymakers, economists, and industry stakeholders assess the sector's performance and economic contribution.
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 of businesses and economic modeling.
Q: How is this trend used in economic policy?
A: Policymakers, economic development agencies, and industry groups closely monitor this metric to gauge the vitality of Delaware's manufacturing capabilities and inform targeted policies and initiatives to support the paper sector.
Q: Are there update delays or limitations?
A: There may be lags of several months between the end of a reporting period and the release of the GDP data for Delaware's paper manufacturing sector. Additionally, the data may be subject to periodic revisions by the statistical agencies.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Paper Manufacturing (322) in Delaware (DEPAPMANNGSP), retrieved from FRED.