Real Gross Domestic Product: Paper Manufacturing (322) in Ohio
OHPAPMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,301.70
Year-over-Year Change
-1.29%
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 Ohio. It provides insights into the economic performance and productivity of this key industrial sector within 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
The Real Gross Domestic Product: Paper Manufacturing (322) in Ohio series tracks the inflation-adjusted value-added output of the paper manufacturing industry in Ohio. This metric is used by economists and policymakers to assess the health and competitiveness of this critical manufacturing segment within the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This economic indicator helps inform decisions related to economic development, workforce planning, and industrial policy in Ohio.
Key Facts
- Ohio is a major hub for paper manufacturing in the U.S.
- The paper industry employs over 20,000 workers in Ohio.
- Real GDP for Ohio's paper sector has grown by 7% since 2015.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product (GDP) of the paper manufacturing industry (NAICS 322) in the state of Ohio.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the productivity and economic performance of a critical manufacturing sector within Ohio, which can inform decision-making related to economic development, workforce planning, and industrial policy.
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 indicator helps inform decisions related to economic development, workforce planning, and industrial policy in Ohio by providing a measure of the health and competitiveness of the state's paper manufacturing industry.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve with typical update delays of 1-2 quarters.
Related Trends
Average Weekly Hours of Production Employees: Durable Goods: Fabricated Metal Product Manufacturing in Ohio
SMU39000003133200007A
Gross Domestic Product: Legal Services (5411) in Ohio
OHLEGALNGSP
Business Applications with Planned Wages: Total for All NAICS in Ohio
BAWBATOTALSAOH
All Employees: Education and Health Services: Nursing and Residential Care Facilities in Ohio
SMU39000006562300001SA
All Employees: Retail Trade: Furniture, Home Furnishings, Electronics, and Appliance Retailers in Ohio
SMU39000004244900001
Number of Identified Exporters to Canada from Ohio
OHCANA475SCEN
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Paper Manufacturing (322) in Ohio (OHPAPMANRGSP), retrieved from FRED.