Real Gross Domestic Product: Printing and Related Support Activities (323) in Maine
MEPRNTRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.30
Year-over-Year Change
21.59%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the printing and related support activities industry in the state of Maine. It provides insights into the performance and economic contribution of this important 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: Printing and Related Support Activities (323) in Maine series tracks the inflation-adjusted value-added output of the printing industry in the state. It is a key indicator of the industry's productivity and growth, which has implications for employment, investment, and the overall economic health of the region.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This metric is closely monitored by policymakers, industry analysts, and economic development agencies to understand regional economic dynamics and guide relevant policies and strategies.
Key Facts
- Maine's printing industry accounts for over 3,000 jobs.
- The sector's real GDP grew by 2.5% in 2021.
- Printing and related activities contribute approximately 1.2% to Maine's total economic output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the printing and related support activities industry in the state of Maine.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the productivity and economic contribution of Maine's printing industry, which is an important 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 using established national accounting principles.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by policymakers, industry analysts, and economic development agencies to understand regional economic dynamics and guide relevant policies and strategies.
Q: Are there update delays or limitations?
A: The data is published 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: Printing and Related Support Activities (323) in Maine (MEPRNTRGSP), retrieved from FRED.