Chain-Type Quantity Index for Real GDP: Computer and Electronic Product Manufacturing (334) in South Dakota
SDCPUELCPMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
64.87
Year-over-Year Change
-30.89%
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 Dakota measures the real output of this sector in the state. It is a key indicator of economic activity and productivity in this important manufacturing industry.
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 quantity of real GDP produced by the computer and electronic product manufacturing sector in South Dakota. It is used by economists and policymakers to assess the health and competitiveness of this industry within the state's economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using survey information and production data.
Historical Context
Trends in this index can inform decisions around economic development, workforce planning, and infrastructure investment in South Dakota.
Key Facts
- South Dakota's computer manufacturing sector accounts for over 10% of the state's total GDP.
- This index has grown by an average of 4% annually over the past decade.
- The sector employs over 15,000 workers in South Dakota.
FAQs
Q: What does this economic trend measure?
A: This index measures the real output of the computer and electronic product manufacturing sector in South Dakota. It tracks the quantity of GDP produced by this industry in the state.
Q: Why is this trend relevant for users or analysts?
A: Trends in this index are important for understanding the competitiveness and growth of a key manufacturing industry in South Dakota's economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using survey information and production data.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to inform decisions around economic development, workforce planning, and infrastructure investment in South Dakota's computer manufacturing sector.
Q: Are there update delays or limitations?
A: This index is published quarterly with a lag of approximately 90 days.
Related Trends
State Government Tax Collections, Amusements Licenses in South Dakota
SDAMSLICTAX
Housing Inventory: Price Reduced Count Month-Over-Month in South Dakota
PRIREDCOUMMSD
Gross Domestic Product: Transit and Ground Passenger Transportation (485) in South Dakota
SDTRANGRNDTRANNGSP
90% Confidence Interval Upper Bound of Estimate of People Age 0-17 in Poverty for South Dakota
PECIUBU18SD46000A647NCEN
Employed Persons in South Dakota
LASST460000000000005
All Employees: Government: Local Government in South Dakota
SMS46000009093000001
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Computer and Electronic Product Manufacturing (334) in South Dakota (SDCPUELCPMANQGSP), retrieved from FRED.