Real Gross Domestic Product: Publishing Industries (Except Internet) (511) in Minnesota
MNPUBINDRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,073.60
Year-over-Year Change
53.88%
Date Range
1/1/1997 - 1/1/2023
Summary
The Real Gross Domestic Product (GDP) for the Publishing Industries (Except Internet) (511) sector in Minnesota measures the inflation-adjusted economic output of this 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
This trend represents the volume of goods and services produced by publishing companies in Minnesota, excluding internet-based publishing. It is a key indicator of the health and productivity of this industry within the state's economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national industry production indices and state-level employment data.
Historical Context
Policymakers and industry analysts use this metric to gauge the competitiveness and growth of Minnesota's publishing sector.
Key Facts
- Minnesota's publishing sector accounts for over 4% of the state's GDP.
- This industry employs more than 20,000 workers in Minnesota.
- Real GDP for publishing in Minnesota has grown by 12% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product (GDP) generated by the publishing industry in Minnesota, excluding internet-based publishing.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the productivity and growth of a key industry within Minnesota's economy, which is useful for policymakers, investors, 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 national industry production indices and state-level employment data.
Q: How is this trend used in economic policy?
A: Policymakers and industry groups use this metric to assess the competitiveness and health of Minnesota's publishing sector, which can inform economic development strategies and policy decisions.
Q: Are there update delays or limitations?
A: This data is published quarterly with a lag of approximately 3 months, and may be subject to revisions as more complete information becomes available.
Related Trends
Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Minnesota
MNGOVQQGSP
Gross Domestic Product: Electrical Equipment, Appliance, and Component Manufacturing (335) in Minnesota
MNELCEQAPMANNGSP
Average Hourly Earnings of Production Employees: Manufacturing in Minnesota
SMU27000003000000008
Average Hourly Earnings of All Employees: Education and Health Services: Private Education and Health Services in Minnesota
SMU27000006500000003
All Employees: Local Government Excluding Educational Services in Minnesota
SMU27000009093200001A
Gross Domestic Product: Truck Transportation (484) in Minnesota
MNTRUCKTRANNGSP
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Publishing Industries (Except Internet) (511) in Minnesota (MNPUBINDRGSP), retrieved from FRED.