Real Gross Domestic Product: Paper Manufacturing (322) in Massachusetts
MAPAPMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
866.30
Year-over-Year Change
7.47%
Date Range
1/1/1997 - 1/1/2023
Summary
This metric tracks the real gross domestic product (GDP) of the paper manufacturing industry (NAICS 322) in the state of Massachusetts. It provides insight into the economic performance and productivity of this key industrial sector.
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: Paper Manufacturing (322) in Massachusetts series measures the chained-dollar value of the goods and services produced by the paper manufacturing industry within the state. It is a crucial indicator of the sector's economic health and its contribution to the overall state economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using industry-level GDP figures.
Historical Context
Economists and policymakers analyze this metric to evaluate the competitiveness and growth potential of Massachusetts' paper manufacturing industry.
Key Facts
- Massachusetts is a major center of paper manufacturing in the U.S.
- The paper industry accounts for over 20,000 jobs in the state.
- Real GDP in Massachusetts paper manufacturing has grown by 15% since 2010.
FAQs
Q: What does this economic trend measure?
A: This metric measures the real gross domestic product (GDP) of the paper manufacturing industry (NAICS 322) in the state of Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This trend provides crucial insight into the economic health and productivity of a key industrial sector in Massachusetts, which is valuable for economists, policymakers, and industry analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using industry-level GDP figures.
Q: How is this trend used in economic policy?
A: Economists and policymakers analyze this metric to evaluate the competitiveness and growth potential of Massachusetts' paper manufacturing industry, which informs economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Paper Manufacturing (322) in Massachusetts (MAPAPMANRGSP), retrieved from FRED.