Real Gross Domestic Product: Computer and Electronic Product Manufacturing (334) in Pennsylvania
PACPUELCPMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,430.30
Year-over-Year Change
24.44%
Date Range
1/1/1997 - 1/1/2023
Summary
This series measures the real gross domestic product (GDP) for the computer and electronic product manufacturing industry (NAICS 334) in the state of Pennsylvania. It provides important insights into the economic performance and productivity of 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 Real Gross Domestic Product: Computer and Electronic Product Manufacturing (334) in Pennsylvania series tracks the inflation-adjusted output of this industry within the state. It is a valuable indicator of the sector's contribution to Pennsylvania's overall economic growth and competitiveness.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This metric is closely monitored by policymakers, industry analysts, and economic researchers to assess the health and competitiveness of Pennsylvania's high-tech manufacturing base.
Key Facts
- Pennsylvania is a major hub for computer and electronic product manufacturing.
- This industry accounts for a significant portion of the state's economic output.
- Trends in this metric can signal shifts in Pennsylvania's competitive position.
FAQs
Q: What does this economic trend measure?
A: This series measures the real gross domestic product (GDP) for the computer and electronic product manufacturing industry (NAICS 334) in the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the economic performance and productivity of a key manufacturing sector in Pennsylvania, which is closely monitored by policymakers, industry analysts, and economic researchers.
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: This metric is used by policymakers, industry analysts, and economic researchers to assess the health and competitiveness of Pennsylvania's high-tech manufacturing base.
Q: Are there update delays or limitations?
A: The data is subject to the standard release schedule and potential revisions by the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Computer and Electronic Product Manufacturing (334) in Pennsylvania (PACPUELCPMANRGSP), retrieved from FRED.