Gross Domestic Product: Computer and Electronic Product Manufacturing (334) in Arizona
AZCPUELCPMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,668.50
Year-over-Year Change
48.29%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the computer and electronic product manufacturing industry in the state of Arizona. It provides valuable insights into the performance and growth of this 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
The GDP of the computer and electronic product manufacturing industry in Arizona represents the total value of goods and services produced by this sector within the state. It is an important indicator of the economic health and competitiveness of this crucial manufacturing industry in Arizona.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is closely monitored by policymakers, economists, and industry analysts to understand the dynamics of Arizona's manufacturing sector and its impact on the overall state economy.
Key Facts
- Arizona's computer and electronic product manufacturing industry accounts for a significant portion of the state's GDP.
- This sector has experienced steady growth in recent years, reflecting the state's competitiveness in technology-driven industries.
- The performance of this industry is closely tied to the broader economic and employment trends in Arizona.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the computer and electronic product manufacturing industry in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the performance and growth of a key manufacturing sector in Arizona, which is crucial for understanding the state's economic dynamics and competitiveness.
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: Policymakers, economists, and industry analysts closely monitor this trend to understand the state of Arizona's manufacturing sector and its impact on the overall state economy, which informs economic policies and decision-making.
Q: Are there update delays or limitations?
A: The data is subject to the regular update schedule and potential revisions by the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Computer and Electronic Product Manufacturing (334) in Arizona (AZCPUELCPMANNGSP), retrieved from FRED.