Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in Arizona
AZDURMANNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38,167.60
Year-over-Year Change
19.52%
Date Range
1/1/2005 - 1/1/2025
Summary
This series measures the gross domestic product (GDP) generated by the durable goods manufacturing sector in Arizona. It provides insights into the economic performance of this critical industry within the state.
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 Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in Arizona series tracks the total value of goods produced by the durable goods manufacturing industries in the state. This metric is used by economists and policymakers to assess the health and productivity of Arizona's manufacturing base.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This economic trend is relevant for understanding Arizona's manufacturing competitiveness and guiding state-level economic policies.
Key Facts
- Arizona's durable goods manufacturing sector accounts for over 10% of the state's GDP.
- This industry has experienced steady growth over the past decade.
- The top durable goods manufacturing subsectors in Arizona are transportation equipment and computer/electronic products.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of goods produced by the durable goods manufacturing industries in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the performance and competitiveness of Arizona's manufacturing base, which is a critical 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 analysts use this trend to understand Arizona's manufacturing competitiveness and guide state-level economic development strategies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 2-3 month delay.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in Arizona (AZDURMANNQGSP), retrieved from FRED.