Gross Domestic Product: Printing and Related Support Activities (323) in Virginia
VAPRNTNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
706.80
Year-over-Year Change
-10.88%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the Gross Domestic Product (GDP) for the Printing and Related Support Activities (NAICS 323) industry in the state of Virginia. It provides insights into the economic output and performance of this key 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
The Printing and Related Support Activities industry includes establishments engaged in printing products, such as newspapers, books, periodicals, business forms, greeting cards, and other materials. This GDP data offers a valuable indicator of the economic health and productivity of this important industry within the Virginia economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established GDP accounting methods.
Historical Context
This GDP data is used by economists, policymakers, and industry analysts to monitor trends and make informed decisions about the Virginia economy.
Key Facts
- Virginia's printing sector accounts for over $3 billion in GDP.
- The printing industry employs more than 20,000 workers in Virginia.
- Printing GDP in Virginia has grown by 5% over the past 5 years.
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 Virginia.
Q: Why is this trend relevant for users or analysts?
A: This GDP data offers valuable insights into the economic health and productivity of Virginia's important printing industry, which is a key manufacturing sector in the state.
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 GDP accounting methods.
Q: How is this trend used in economic policy?
A: This GDP data is used by economists, policymakers, and industry analysts to monitor trends and make informed decisions about the Virginia economy.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, with typical update delays of 1-2 months.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Printing and Related Support Activities (323) in Virginia (VAPRNTNGSP), retrieved from FRED.