Real Gross Domestic Product: Nondurable Goods Manufacturing (311-316, 322-326) in Louisiana
LANDURMANRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37,858.70
Year-over-Year Change
22.86%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the real gross domestic product (GDP) of the nondurable goods manufacturing sector in Louisiana. It provides insights into the productivity and economic output of a key 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 Real Gross Domestic Product: Nondurable Goods Manufacturing (311-316, 322-326) in Louisiana series tracks the inflation-adjusted economic output of Louisiana's nondurable goods manufacturing industries, including food, beverage, textile, apparel, paper, and chemical manufacturing. This data point is used by economists and policymakers to analyze the state's industrial performance and economic health.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using standard GDP accounting methods.
Historical Context
This trend is relevant for understanding Louisiana's manufacturing sector and its contribution to the state's overall economic activity.
Key Facts
- Louisiana's nondurable goods manufacturing sector accounts for over 10% of the state's GDP.
- The real GDP of this sector has grown by 15% over the past decade.
- Chemical manufacturing is the largest component of Louisiana's nondurable goods industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the nondurable goods manufacturing sector in Louisiana, including industries like food, textile, and chemical production.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insights into the productivity and economic output of a key industry in Louisiana, which is useful for economists and policymakers analyzing the state's industrial performance and economic health.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using standard GDP accounting methods.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding Louisiana's manufacturing sector and its contribution to the state's overall economic activity, which can inform policy decisions and market analysis.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedule and potential revisions as other GDP statistics released by the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Nondurable Goods Manufacturing (311-316, 322-326) in Louisiana (LANDURMANRQGSP), retrieved from FRED.