Chain-Type Quantity Index for Real GDP: Computer and Electronic Product Manufacturing (334) in Alabama
ALCPUELCPMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
96.66
Year-over-Year Change
-0.48%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP measures the volume of economic output in the computer and electronic product manufacturing sector in Alabama. This data is crucial for analyzing productivity and competitiveness in this key industry.
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 index tracks changes in the real (inflation-adjusted) quantity of goods and services produced by computer and electronic product manufacturers in the state of Alabama. It is an important indicator of the state's economic health and technological capabilities.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and businesses use this index to monitor trends in Alabama's high-tech manufacturing sector and inform economic and industrial policies.
Key Facts
- Alabama is a major hub for computer and electronics manufacturing.
- This index has grown steadily over the past decade, reflecting the sector's expansion.
- The computer and electronics industry is a key driver of Alabama's economy.
FAQs
Q: What does this economic trend measure?
A: This index measures the real (inflation-adjusted) quantity of goods and services produced by computer and electronic product manufacturers in Alabama.
Q: Why is this trend relevant for users or analysts?
A: This index is a crucial indicator of productivity and competitiveness in Alabama's high-tech manufacturing sector, which is a key driver of the state's economy.
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: Policymakers and businesses use this index to monitor trends in Alabama's computer and electronics manufacturing sector and inform economic and industrial policies.
Q: Are there update delays or limitations?
A: The data is updated quarterly and is subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Computer and Electronic Product Manufacturing (334) in Alabama (ALCPUELCPMANQGSP), retrieved from FRED.