Gross Domestic Product: Mining (Except Oil and Gas) (212) in Wisconsin
WIMINEXOILGASNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
828.50
Year-over-Year Change
58.47%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Gross Domestic Product: Mining (Except Oil and Gas) (212) in Wisconsin' metric measures the economic output of the mining industry, excluding oil and gas, in the state of Wisconsin. This indicator provides insight into a 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
This economic series represents the gross domestic product (GDP) generated by the mining industry, excluding oil and gas, in the state of Wisconsin. It is a valuable indicator for understanding trends and performance in this important component of the state's economic activity.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This metric is used by economists, policymakers, and industry analysts to assess the health and direction of Wisconsin's mining sector.
Key Facts
- Mining (except oil and gas) accounts for approximately 1% of Wisconsin's GDP.
- This sector has seen modest growth over the past decade.
- The mining industry in Wisconsin employs over 10,000 workers.
FAQs
Q: What does this economic trend measure?
A: This metric measures the gross domestic product (GDP) generated by the mining industry, excluding oil and gas, in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides valuable insights into the performance and trends of a key sector of Wisconsin's economy, which can inform business and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and industry analysts use this metric to assess the health and direction of Wisconsin's mining sector, which can inform economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a delay of approximately 3 months.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Mining (Except Oil and Gas) (212) in Wisconsin (WIMINEXOILGASNGSP), retrieved from FRED.