Real Gross Domestic Product: Other Transportation Equipment Manufacturing (3364-3466, 3369) in Arizona
AZOTRANEQMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,491.80
Year-over-Year Change
99.35%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the other transportation equipment manufacturing industry in Arizona. It provides insights into the performance and growth of this critical manufacturing sector within 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 real GDP for other transportation equipment manufacturing in Arizona tracks the inflation-adjusted total value of goods and services produced by this industry, which includes the production of aircraft, spacecraft, railroad rolling stock, ships, and other transportation equipment. This data helps analysts and policymakers understand the economic drivers and challenges facing this key manufacturing segment.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA).
Historical Context
Monitoring this industry's real GDP is important for understanding Arizona's manufacturing competitiveness and economic development.
Key Facts
- Arizona is a major hub for aerospace and other transportation manufacturing.
- This industry accounts for over 5% of the state's total manufacturing GDP.
- Real GDP in this sector has grown by 12% in the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the other transportation equipment manufacturing industry in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: Tracking the real GDP of this key manufacturing sector provides insights into Arizona's economic performance and competitiveness in transportation equipment production.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA).
Q: How is this trend used in economic policy?
A: Monitoring this industry's real GDP is important for understanding Arizona's manufacturing competitiveness and informing economic development strategies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 3-month lag, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Other Transportation Equipment Manufacturing (3364-3466, 3369) in Arizona (AZOTRANEQMANRGSP), retrieved from FRED.