Gross Domestic Product: Nondurable Goods Manufacturing (311-316, 322-326) in Louisiana
LANDURMANNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
47,678.70
Year-over-Year Change
9.25%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the Gross Domestic Product (GDP) for the nondurable goods manufacturing sector in Louisiana. It provides valuable insights into the performance and productivity of this key industry 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 Gross Domestic Product: Nondurable Goods Manufacturing (311-316, 322-326) in Louisiana trend represents the total economic output of industries such as food, beverage, textile, apparel, paper, and chemical manufacturing in the state. It is a crucial indicator for policymakers and analysts to assess the health and competitiveness of Louisiana's manufacturing base.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Historical Context
This trend is widely used by economists, policymakers, and business leaders to inform economic decisions and policies affecting Louisiana's manufacturing sector.
Key Facts
- Louisiana's nondurable goods manufacturing sector accounts for over 10% of the state's GDP.
- This industry employs more than 100,000 workers in Louisiana.
- Chemical manufacturing is the largest component of Louisiana's nondurable goods production.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Gross Domestic Product (GDP) for the nondurable goods manufacturing sector in the state of Louisiana, including industries such as food, beverage, textile, apparel, paper, and chemical manufacturing.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the performance and productivity of Louisiana's key manufacturing industries, which are crucial to the state's economic health and competitiveness.
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 income and product accounting methods.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and business leaders to inform economic decisions and policies affecting Louisiana's manufacturing sector.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the U.S. Bureau of Economic Analysis, with a typical delay of several months.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Nondurable Goods Manufacturing (311-316, 322-326) in Louisiana (LANDURMANNQGSP), retrieved from FRED.