In 1st quarter 2020, GDP from manufacturing for Alabama was 38,639.6 millions of current dollars.
GDP from manufacturing of Alabama increased from 26,631.8 millions of current dollars in 2nd quarter 2010 to 38,639.6 millions of current dollars in 1st quarter 2020 growing at an average annual rate of 0.97%. $24,827 $ Moody's says the effects of the coronavirus will be felt everywhere, but some states will see more dire effects.
Alabama Manufacturing GDP: 36.40B USD for 2017 Add to Watchlists Create an Alert Overview Interactive Chart Alabama Manufacturing GDP is at a current level of 36.40B, up from 35.62B one year ago. ECONOMY Mobile, Alabama United States Unemployment Rate 4.1% 3.7% Recent Job Growth 1.5% 1.6% Future Job Growth 27.2% 33.5% Sales Taxes 10.0% 6.2% Income Tax 5.0% 4.6% Income per Cap. States expected to be among the most affected anticipate large hits to tourism - Nevada and Hawaii.
Moody’s compiled data on March 30 and looked at six metrics: exposure to COVID-19, demographics, trade and travel disruptions, tourism, finance and commodities. St. Louis, MO 63102, More Alabama could be among the states least affected economically by the coronavirus outbreak, according to research from Moody’s Analytics.
Of that, tourism accounts for about 7 percent of the state’s GDP, according to last year’s figures.
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1 criteria for determining who recovers more gracefully will be who gets hit least hard during this period.”. Federal Reserve Bank of St. Louis, Vote to Re-Elect, And the Stock Market Says ... Trump Wins Re-election, National Accounts » GDP at Current Prices by Economic Activities, GDP from agriculture, forestry, fishing, and hunting, GDP from real estate and rental and leasing, GDP from professional, scientific, and technical services, GDP from management of companies and enterprises, GDP from administrative and waste management services, GDP from health care and social assistance, GDP from arts, entertainment, and recreation.
Of that, tourism accounts for about 7 percent of the state’s GDP, according to last year’s figures. Alabama gross domestic product is about $221 billion. (Ramsey Archibald/al.com). Okay to continue Leverage our AI Workflow Tools and online data environment to manipulate, visualize, present, and export data. Alabama was grouped among other states, like West Virginia and Missouri, and neighbors like Mississippi and Tennessee, as among the least exposed. A pair of economists from the University of Alabama last week said Alabama’s economy could be on a "normal path of recovery” by year’s end. Data in this graph are copyrighted. https://fred.stlouisfed.org/series/ALNGSP, It should also be noted that an earlier Moodys’ analysis estimated that key Alabama industries, such as auto manufacturers and suppliers, retail and global shipping could be most impacted by the pandemic in the short-term. Current-dollar GDP (millions of current dollars), Activate Professional to get unlimited access to more than 3.3b time series and visualizations.
Graph and download economic data for Total Gross Domestic Product for Alabama (ALNGSP) from 1997 to 2019 about AL, GSP, GDP, and USA. Goods exports represent a little less than 10 percent of the state’s GDP, with leading categories including automobiles and aerospace products and parts. Community Rules apply to all content you upload or otherwise submit to this site.
The picture could change in the coming weeks, however, once data becomes available on consumer loans issued since the national emergency began.