Real Gross Domestic Product: Computer and Electronic Product Manufacturing (334) in Virginia
VACPUELCPMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,709.10
Year-over-Year Change
6.41%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the computer and electronic product manufacturing industry in Virginia. It provides insights into the performance and growth of this key sector within the state's economy.
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 Virginia series tracks the inflation-adjusted value-added output of this industry in the state. It is a crucial indicator for understanding the competitiveness and productivity of Virginia's high-tech manufacturing capabilities.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This trend is widely used by policymakers, industry analysts, and economic development agencies to gauge the health and competitiveness of Virginia's advanced manufacturing sector.
Key Facts
- Virginia's computer and electronic product manufacturing sector accounts for over 10% of the state's total GDP.
- This industry has experienced steady growth, outpacing the overall state economy in recent years.
- The sector employs more than 30,000 workers in high-skilled, high-wage positions across Virginia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the computer and electronic product manufacturing industry in the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the performance and competitiveness of a key high-tech manufacturing sector within Virginia's economy, which is crucial information for policymakers, industry analysts, and economic development agencies.
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 trend is widely used by policymakers, industry analysts, and economic development agencies to gauge the health and competitiveness of Virginia's advanced manufacturing sector, which informs economic development strategies and policy decisions.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and may be subject to periodic revisions as more complete information becomes available.
Related Trends
All Employees: Professional and Business Services: Employment Services in Virginia
SMU51000006056130001
Number of Identified Exporters to Portugal from Virginia
VAPRTA475SCEN
Real Gross Domestic Product: Professional, Scientific, and Technical Services (54) in Virginia
VAPROSCITCHRGSP
Real Gross Domestic Product: Food and Beverage and Tobacco Product Manufacturing (311-312) in Virginia
VAFOODBEVTOBMANRGSP
Real Gross Domestic Product: Social Assistance (624) in Virginia
VASOCASSRGSP
Business Formations Within Four Quarters: Total for All NAICS in Virginia
BFBF4QTOTALSAVA
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Computer and Electronic Product Manufacturing (334) in Virginia (VACPUELCPMANRGSP), retrieved from FRED.