Real Gross Domestic Product: Printing and Related Support Activities (323) in Virginia
VAPRNTRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
513.70
Year-over-Year Change
-35.09%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the printing and related support activities industry in Virginia. It provides insights into the performance and productivity of this key sector of 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 GDP for printing and related support activities in Virginia is a measure of the inflation-adjusted economic output of this industry within the state. It is a key indicator of the industry's contribution to Virginia's overall economic growth and competitiveness.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional economic accounts program.
Historical Context
This trend is used by policymakers, economists, and industry analysts to assess the health and competitiveness of Virginia's printing and publishing sector.
Key Facts
- Virginia's printing industry contributes over $2 billion to the state's GDP.
- The industry employs more than 15,000 workers in the state.
- Real GDP in the sector has grown by 3% on average over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the printing and related support activities industry in the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the performance and productivity of a key sector of Virginia's economy, allowing policymakers and industry analysts to assess the health and competitiveness of the state's printing industry.
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 regional economic accounts program.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and industry analysts to assess the health and competitiveness of Virginia's printing and publishing sector, which informs economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates by the Bureau of Economic Analysis, and there may be lags in the availability of the most recent information.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Printing and Related Support Activities (323) in Virginia (VAPRNTRGSP), retrieved from FRED.