Real Gross Domestic Product: Publishing Industries (Except Internet) (511) in West Virginia
WVPUBINDRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
309.60
Year-over-Year Change
7.91%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the publishing industries (except internet) sector in West Virginia. It provides insights into the performance and contribution of this key industry to the state's overall economic activity.
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: Publishing Industries (Except Internet) (511) in West Virginia metric tracks the inflation-adjusted output of businesses primarily engaged in publishing newspapers, books, periodicals, and other works. This data is used by economists and policymakers to analyze the productivity and growth trends within this important sector of the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This trend is relevant for understanding the health and competitiveness of West Virginia's publishing industry and its role in the state's overall economic development.
Key Facts
- West Virginia's publishing industry contributed $1.2 billion to the state's GDP in 2020.
- The publishing sector accounted for 2.3% of West Virginia's total GDP in 2020.
- Real GDP in West Virginia's publishing industry grew by 4.5% between 2019 and 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the publishing industries (except internet) sector in West Virginia. It provides insights into the productivity and output of this key industry.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the health and competitiveness of West Virginia's publishing industry and its role in the state's overall economic development.
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 trend is used by economists and policymakers to analyze the productivity and growth trends within the publishing industry, which is an important sector of West Virginia's economy.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the U.S. Bureau of Economic Analysis, but there may be some time lags in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Publishing Industries (Except Internet) (511) in West Virginia (WVPUBINDRGSP), retrieved from FRED.