Real Value-Added Output for Private Nonfarm in Washington
IPUZNT010530000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
138.62
Year-over-Year Change
76.63%
Date Range
1/1/2007 - 1/1/2024
Summary
The Real Value-Added Output for Private Nonfarm in Washington is an important economic indicator that measures the inflation-adjusted output of private sector businesses, excluding farms, in the state of Washington.
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
This metric provides insights into the productivity and growth of Washington's private sector economy. It is a key measure used by economists and policymakers to assess the overall health and competitiveness of the state's business environment.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using detailed industry information.
Historical Context
This trend is closely monitored for its implications on employment, investment, and broader economic policy decisions.
Key Facts
- Washington's private nonfarm value-added output accounts for over 80% of the state's GDP.
- This metric has grown by an average of 2.5% annually over the past decade.
- The trend provides an early signal of changes in the state's business investment and hiring.
FAQs
Q: What does this economic trend measure?
A: The Real Value-Added Output for Private Nonfarm in Washington measures the inflation-adjusted gross output of the state's private businesses, excluding the agricultural sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of the productivity and competitiveness of Washington's private economy, providing insights into business investment, hiring, and overall economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using detailed industry-level information.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend for its implications on employment, investment, and broader economic policy decisions affecting Washington's business environment.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a lag of approximately two months, which may limit its use for very timely analysis.
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Citation
U.S. Federal Reserve, Real Value-Added Output for Private Nonfarm in Washington (IPUZNT010530000), retrieved from FRED.