Gross Domestic Product: Printing and Related Support Activities (323) in Maryland
MDPRNTNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
728.70
Year-over-Year Change
16.70%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the printing and related support activities industry in the state of Maryland. It provides insights into the performance and contribution of this key economic sector within 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 Gross Domestic Product: Printing and Related Support Activities (323) in Maryland series tracks the total economic output of the printing and related support activities industry in Maryland. This data is used by economists and policymakers to analyze the state's industrial composition, productivity, and competitiveness in this important manufacturing sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional economic accounts.
Historical Context
This trend is relevant for understanding Maryland's economic structure and evaluating the performance of its manufacturing base.
Key Facts
- Maryland's printing industry accounts for over 5% of the state's total GDP.
- Printing and related support activities employ more than 15,000 workers in Maryland.
- This sector has experienced steady growth, outpacing the overall state economy in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the printing and related support activities industry in the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the performance and importance of Maryland's printing industry, which is a key manufacturing sector for the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional economic accounts.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze the state's industrial composition, productivity, and competitiveness in the printing and manufacturing sectors.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis, with some potential for minor delays in publication.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Printing and Related Support Activities (323) in Maryland (MDPRNTNGSP), retrieved from FRED.