Real Gross Domestic Product: Petroleum and Coal Products Manufacturing (324) in Indiana
INPETCOALMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,452.60
Year-over-Year Change
9.96%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) for the petroleum and coal products manufacturing industry in Indiana. It provides insight into the economic performance of this key industrial sector 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 Real Gross Domestic Product (GDP) for Petroleum and Coal Products Manufacturing (NAICS 324) in Indiana is a valuable indicator of the output and productivity of this crucial industrial segment within the state's economy. It is used by economists, policymakers, and market analysts to understand broader economic trends and the relative strength of Indiana's manufacturing base.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounts methodologies.
Historical Context
This metric is widely referenced in discussions of Indiana's industrial policy, energy markets, and regional economic performance.
Key Facts
- Indiana is a major center for petroleum and coal products manufacturing.
- This sector accounts for a significant portion of the state's GDP.
- The trend has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) for the petroleum and coal products manufacturing industry in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the economic performance and productivity of a crucial industrial sector within Indiana's economy, which is valuable for policymakers, economists, and market analysts.
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 accounts methodologies.
Q: How is this trend used in economic policy?
A: This trend is widely referenced in discussions of Indiana's industrial policy, energy markets, and regional economic performance.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule with minimal delays, providing timely information to users.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Petroleum and Coal Products Manufacturing (324) in Indiana (INPETCOALMANRGSP), retrieved from FRED.