Chain-Type Quantity Index for Real GDP: Private Goods-Producing Industries in North Carolina
NCPRIGOODPROQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.78
Year-over-Year Change
10.97%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the chain-type quantity index for real GDP of private goods-producing industries in North Carolina. It provides valuable insights into the state's economic productivity and growth.
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 Chain-Type Quantity Index for Real GDP: Private Goods-Producing Industries in North Carolina tracks the volume of economic output from private-sector industries involved in goods production, such as manufacturing, mining, and construction. This data is used by economists and policymakers to assess the health and performance of North Carolina's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a chain-type index method.
Historical Context
This trend is widely used to inform economic policy decisions and analyze market conditions in North Carolina.
Key Facts
- The index uses 2012 as the base year.
- It covers approximately 40% of North Carolina's total GDP.
- The trend has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the chain-type quantity index for real GDP of private goods-producing industries in North Carolina, providing insights into the state's economic productivity and growth.
Q: Why is this trend relevant for users or analysts?
A: This trend is widely used by economists and policymakers to assess the health and performance of North Carolina's economy, informing economic policy decisions and market analysis.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using a chain-type index method.
Q: How is this trend used in economic policy?
A: This trend is used to inform economic policy decisions and analyze market conditions in North Carolina.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule with minimal delays, providing timely insights into North Carolina's economic performance.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Private Goods-Producing Industries in North Carolina (NCPRIGOODPROQGSP), retrieved from FRED.