Gross Domestic Product: Other Transportation Equipment Manufacturing (3364-3466, 3369) in Louisiana
LAOTRANEQMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,300.50
Year-over-Year Change
-13.16%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) for the other transportation equipment manufacturing industry in Louisiana. It provides insights into the economic performance and growth of this key manufacturing sector 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 other transportation equipment manufacturing industry includes the production of various transportation vehicles and equipment, such as aerospace products, railroad rolling stock, and ships and boats. This metric offers valuable data for analyzing industry activity, productivity, and economic trends in Louisiana.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting practices.
Historical Context
This economic indicator is used by policymakers, analysts, and businesses to understand the dynamics of Louisiana's manufacturing sector and its contribution to the state's overall economic output.
Key Facts
- Louisiana is a major hub for the transportation equipment manufacturing industry.
- This sector accounts for a significant portion of the state's manufacturing GDP.
- The trend has shown steady growth in recent years, reflecting the industry's importance to Louisiana's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) for the other transportation equipment manufacturing industry in Louisiana, including the production of aerospace products, railroad rolling stock, and ships and boats.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the economic performance and growth of a key manufacturing sector within Louisiana, which is important for understanding the state's overall economic dynamics and industry trends.
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 practices.
Q: How is this trend used in economic policy?
A: This economic indicator is used by policymakers, analysts, and businesses to understand the dynamics of Louisiana's manufacturing sector and its contribution to the state's overall economic output, which can inform policy decisions and business strategies.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Bureau of Economic Analysis, but there may be some lag in the most recent figures being available.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Other Transportation Equipment Manufacturing (3364-3466, 3369) in Louisiana (LAOTRANEQMANNGSP), retrieved from FRED.