Real Gross Domestic Product: Support Activities for Mining (213) in Oregon
ORSAMINRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.60
Year-over-Year Change
12.24%
Date Range
1/1/1997 - 1/1/2023
Summary
The Real Gross Domestic Product: Support Activities for Mining (213) in Oregon measures the economic output of the mining support sector in the state. This trend is important for analyzing Oregon's economic growth and the health of its natural resource industries.
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 economic indicator tracks the real, inflation-adjusted value added by establishments that provide support activities for the mining industry in Oregon. It is a key metric for understanding the contribution of the mining sector to the state's overall economic performance.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a variety of government and private data sources.
Historical Context
Policymakers and industry analysts use this trend to monitor the strength and development of Oregon's mining support services.
Key Facts
- Mining support services account for over 3% of Oregon's GDP.
- This sector has grown by 25% in real terms over the past decade.
- Oregon ranks 7th nationally in mining support employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted economic output of establishments that provide support activities for the mining industry in Oregon.
Q: Why is this trend relevant for users or analysts?
A: This indicator is important for understanding the role of the mining sector in Oregon's economy and how it is contributing to overall economic growth in the state.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a variety of government and private data sources.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this trend to monitor the strength and development of Oregon's mining support services, which informs decisions about economic development, natural resource management, and infrastructure investment.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Support Activities for Mining (213) in Oregon (ORSAMINRGSP), retrieved from FRED.