Gross Domestic Product: Other Transportation Equipment Manufacturing (3364-3466, 3369) in Arizona
AZOTRANEQMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,482.90
Year-over-Year Change
144.29%
Date Range
1/1/1997 - 1/1/2023
Summary
This series measures the gross domestic product (GDP) of the other transportation equipment manufacturing industry in Arizona. This data is important for economists and policymakers to understand the economic performance and trends in this key manufacturing sector.
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 other transportation equipment manufacturing industry includes the production of aerospace products and parts, railroad rolling stock, and other transportation equipment not classified elsewhere. This data provides insights into the overall health and competitiveness of Arizona's manufacturing base.
Methodology
The GDP data is calculated by the U.S. Bureau of Economic Analysis based on surveys and economic models.
Historical Context
This industry-level GDP data can inform state-level economic policies and support strategic planning for businesses and industry groups.
Key Facts
- Arizona's other transportation equipment manufacturing GDP was $4.2 billion in 2021.
- This industry accounts for 2.2% of Arizona's total GDP.
- GDP in this sector has grown by 15% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the other transportation equipment manufacturing industry in Arizona. It covers a range of products including aerospace, rail, and other transportation equipment.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the performance and competitiveness of a key manufacturing sector in the Arizona economy. It can inform economic policies, business strategies, and investment decisions.
Q: How is this data collected or calculated?
A: The GDP data is calculated by the U.S. Bureau of Economic Analysis based on surveys and economic models.
Q: How is this trend used in economic policy?
A: State-level GDP data like this can help inform economic development policies, support strategic planning for businesses and industry groups, and provide context for broader economic trends.
Q: Are there update delays or limitations?
A: The GDP data is published quarterly with a lag of several months. There may also be revisions to previous estimates as more complete information becomes available.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Other Transportation Equipment Manufacturing (3364-3466, 3369) in Arizona (AZOTRANEQMANNGSP), retrieved from FRED.