Gross Domestic Product: Other Transportation Equipment Manufacturing (3364-3466, 3369) in Utah
UTOTRANEQMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,988.40
Year-over-Year Change
102.92%
Date Range
1/1/1997 - 1/1/2023
Summary
This series measures the gross domestic product (GDP) of the other transportation equipment manufacturing industry in Utah, which includes the production of aerospace, railroad, and other transportation-related products.
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 GDP series provides a measure of economic activity and output for this key manufacturing sector in Utah. It is used by economists and policymakers to analyze trends in the state's industrial composition and competitiveness.
Methodology
The data is collected through surveys of businesses and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This metric helps inform economic and industrial policies at the state level.
Key Facts
- Utah's other transportation equipment manufacturing GDP was $1.2 billion in 2021.
- This industry accounts for 1.3% of Utah's total gross domestic product.
- The sector has seen 3.5% average annual growth over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This series measures the gross domestic product (GDP) of the other transportation equipment manufacturing industry in Utah, which includes the production of aerospace, railroad, and other transportation-related products.
Q: Why is this trend relevant for users or analysts?
A: The Other Transportation Equipment Manufacturing GDP series provides insight into a key manufacturing sector in Utah, helping to inform economic and industrial policies at the state level.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This metric helps inform economic and industrial policies at the state level, as it provides a measure of activity and output for this important manufacturing sector in Utah.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule by the U.S. Bureau of Economic Analysis, with a typical release lag of several months.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Other Transportation Equipment Manufacturing (3364-3466, 3369) in Utah (UTOTRANEQMANNGSP), retrieved from FRED.