Real Gross Domestic Product: Paper Manufacturing (322) in North Carolina
NCPAPMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,913.10
Year-over-Year Change
2.21%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the paper manufacturing industry (NAICS 322) in the state of North Carolina. It provides valuable insights into the performance and contribution of this key industrial sector to the state's overall economic activity.
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 North Carolina series tracks the inflation-adjusted output of the paper manufacturing industry within the state. This metric is used by economists and policymakers to analyze the productivity and competitiveness of this critical manufacturing segment and its role in North Carolina's economic landscape.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and industry analysts closely monitor this trend to inform economic development strategies, investment decisions, and regulatory policies in the paper manufacturing sector.
Key Facts
- North Carolina is a major hub for paper manufacturing in the United States.
- The paper industry accounts for over 20,000 jobs in the state.
- The real GDP of North Carolina's paper manufacturing sector has grown by 15% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product of the paper manufacturing industry (NAICS 322) within the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the productivity, competitiveness, and economic contribution of the paper manufacturing sector in North Carolina, which is crucial for economic analysis, policy decisions, and investment strategies.
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: Policymakers and industry analysts use this trend to inform economic development strategies, investment decisions, and regulatory policies in the paper manufacturing sector in North Carolina.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis, with a lag of several months. There may be revisions to historical data as new information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Paper Manufacturing (322) in North Carolina (NCPAPMANRGSP), retrieved from FRED.