Real Gross Domestic Product: Printing and Related Support Activities (323) in Rhode Island
RIPRNTRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.10
Year-over-Year Change
19.84%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) for the printing and related support activities industry in Rhode Island. It provides insights into the performance and productivity of this important sector within the state's 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 Real Gross Domestic Product: Printing and Related Support Activities (323) in Rhode Island series tracks the inflation-adjusted output of businesses engaged in printing, support activities for printing, and related industries in the state. This metric is used by economists and policymakers to assess the health and growth of this manufacturing segment.
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 around industrial policy, workforce development, and investment strategies in Rhode Island.
Key Facts
- Rhode Island's printing sector accounts for over 4% of the state's total economic output.
- This industry employs more than 6,000 workers in Rhode Island.
- Printing and related activities have seen steady productivity growth in the state over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product (GDP) for the printing and related support activities industry in the state of Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the performance and productivity of an important manufacturing sector within Rhode Island's economy, which can inform policy decisions and investment strategies.
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 around industrial policy, workforce development, and investment strategies in Rhode Island's printing and related industries.
Q: Are there update delays or limitations?
A: There may be a lag of several months between the end of a reporting period and the release of the latest data.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Printing and Related Support Activities (323) in Rhode Island (RIPRNTRGSP), retrieved from FRED.