Real Gross Domestic Product: Paper Manufacturing (322) in Washington
WAPAPMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,128.70
Year-over-Year Change
-18.58%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) for the paper manufacturing industry (NAICS 322) in the state of Washington. It is an important indicator of the health and productivity of this key manufacturing sector in the state.
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
Real GDP for paper manufacturing in Washington is a measure of the total economic output of this industry, adjusted for inflation. It provides insights into the growth, productivity, and competitiveness of the paper manufacturing sector in the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional economic accounts.
Historical Context
This trend is used by policymakers, industry analysts, and businesses to understand the performance and outlook of the paper manufacturing industry in Washington.
Key Facts
- Paper manufacturing is a major industry in Washington, accounting for over 10,000 jobs.
- The state's paper mills produce a wide range of products, including newsprint, packaging, and specialty papers.
- Washington is one of the top paper-producing states in the U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) for the paper manufacturing industry (NAICS 322) in the state of Washington. It provides a measure of the total economic output of this industry, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the performance and outlook of the paper manufacturing industry in Washington's economy. It provides insights into the growth, productivity, and competitiveness of this key manufacturing sector.
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 their regional economic accounts.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, industry analysts, and businesses to understand the performance and outlook of the paper manufacturing industry in Washington. It informs decision-making and policy development related to this important 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. There may also be revisions to historical data as more information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Paper Manufacturing (322) in Washington (WAPAPMANRGSP), retrieved from FRED.