Gross Domestic Product: Printing and Related Support Activities (323) in North Carolina
NCPRNTNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,283.80
Year-over-Year Change
30.47%
Date Range
1/1/1997 - 1/1/2023
Summary
The Gross Domestic Product: Printing and Related Support Activities (323) in North Carolina measures the economic output of the printing industry in the state. This metric is important for analyzing regional economic trends and the health of the manufacturing 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
This series tracks the inflation-adjusted value added by the printing and related support activities industry, which includes establishments engaged in printing text, images, patterns, and the like, as well as support activities such as bookbinding. It provides insight into the productivity and competitiveness of this key North Carolina industry.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses.
Historical Context
Economists and policymakers use this metric to assess the strength of North Carolina's manufacturing base and the state's broader economic conditions.
Key Facts
- North Carolina's printing industry contributed over $2.5 billion to state GDP in 2021.
- Printing and related support activities account for about 2% of North Carolina's total economic output.
- The printing industry employs over 20,000 workers in North Carolina.
FAQs
Q: What does this economic trend measure?
A: This metric measures the real, inflation-adjusted value added by the printing and related support activities industry in North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the performance and competitiveness of a key manufacturing sector in the state, which is useful for evaluating North Carolina's broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses in the printing and related support activities industry.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess the strength of North Carolina's manufacturing base and inform decisions related to economic development, trade, and industry support policies.
Q: Are there update delays or limitations?
A: This data is published quarterly with a lag of approximately three months.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Printing and Related Support Activities (323) in North Carolina (NCPRNTNGSP), retrieved from FRED.