Real Gross Domestic Product: Manufacturing (31-33) in Maine
MEMANRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,830.40
Year-over-Year Change
-4.25%
Date Range
1/1/2005 - 1/1/2025
Summary
The Real Gross Domestic Product: Manufacturing (31-33) in Maine measures the inflation-adjusted value of manufacturing output in the state. This trend is a key indicator of Maine's economic health and productivity.
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 series represents the real GDP of the manufacturing sector in Maine, which includes industries such as food processing, paper production, and high-tech manufacturing. It is used by economists and policymakers to analyze Maine's industrial performance and competitiveness.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using surveys and production statistics.
Historical Context
Trends in Maine's manufacturing GDP are closely watched by state and federal officials to inform economic and trade policies.
Key Facts
- Maine's manufacturing GDP has grown by 15% over the past decade.
- The manufacturing sector accounts for 10% of Maine's total economic output.
- High-tech manufacturing is the fastest-growing part of Maine's industrial base.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product of the manufacturing sector in the state of Maine.
Q: Why is this trend relevant for users or analysts?
A: The Maine manufacturing GDP trend is a key indicator of the state's industrial performance and competitiveness, providing important insights for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using surveys and production statistics.
Q: How is this trend used in economic policy?
A: Trends in Maine's manufacturing GDP are closely monitored by state and federal officials to inform economic and trade policies that support the state's industrial base.
Q: Are there update delays or limitations?
A: The manufacturing GDP data for Maine is published quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Manufacturing (31-33) in Maine (MEMANRQGSP), retrieved from FRED.