Gross Domestic Product: Printing and Related Support Activities (323) in Rhode Island
RIPRNTNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
148.70
Year-over-Year Change
64.49%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the Gross Domestic Product (GDP) for the Printing and Related Support Activities (NAICS code 323) industry in the state of Rhode Island. This data is crucial for understanding the performance and contribution of the printing industry to the overall Rhode Island economy.
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 RIPRNTNGSP series represents the total economic output or value-added by businesses in the printing and related support activities sector within Rhode Island. This metric is an important indicator of the health and productivity of the state's printing industry, which includes commercial printing, support activities for printing, and other related manufacturing.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its state-level GDP by industry estimates.
Historical Context
Policymakers and industry analysts use this data to evaluate economic conditions, competitiveness, and growth trends in Rhode Island's printing sector.
Key Facts
- Rhode Island's printing GDP was $444 million in 2021.
- The printing industry accounts for 1.3% of Rhode Island's total GDP.
- GDP in the Rhode Island printing sector has declined by 14% since 2015.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Gross Domestic Product (GDP) for the Printing and Related Support Activities (NAICS 323) industry in the state of Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for understanding the performance and contribution of the printing industry to the overall Rhode Island economy, which is important for policymakers and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its state-level GDP by industry estimates.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this data to evaluate economic conditions, competitiveness, and growth trends in Rhode Island's printing sector.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically several months after the end of the reference period.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Printing and Related Support Activities (323) in Rhode Island (RIPRNTNGSP), retrieved from FRED.