Chain-Type Quantity Index for Real GDP: Computer and Electronic Product Manufacturing (334) in South Carolina
SCCPUELCPMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
94.92
Year-over-Year Change
118.44%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Computer and Electronic Product Manufacturing (334) in South Carolina measures the inflation-adjusted output of this key manufacturing sector in 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
This index tracks the real, volume-based production of computers, electronics, and related products in South Carolina's manufacturing economy. It is a useful indicator of activity and productivity in this important technology-driven industry.
Methodology
The data is calculated based on Bureau of Economic Analysis (BEA) methods for regional GDP estimates.
Historical Context
The index provides insights into the performance and competitiveness of South Carolina's technology manufacturing sector.
Key Facts
- South Carolina is a major hub for technology manufacturing.
- The state's computer and electronics sector accounts for over 10% of its GDP.
- This index has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the computer and electronic product manufacturing sector in South Carolina.
Q: Why is this trend relevant for users or analysts?
A: It provides insights into the performance and productivity of an important technology-driven industry in the state's economy.
Q: How is this data collected or calculated?
A: The data is calculated based on Bureau of Economic Analysis (BEA) methods for regional GDP estimates.
Q: How is this trend used in economic policy?
A: The index is used by policymakers and analysts to monitor the competitiveness and growth of South Carolina's technology manufacturing sector.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Computer and Electronic Product Manufacturing (334) in South Carolina (SCCPUELCPMANQGSP), retrieved from FRED.