Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in Wisconsin
WIDURMANNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42,005.50
Year-over-Year Change
15.22%
Date Range
1/1/2005 - 1/1/2025
Summary
This series measures the gross domestic product (GDP) generated by the durable goods manufacturing sector in Wisconsin. It is a key indicator of the economic health and productivity of the state's 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
The Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in Wisconsin metric tracks the total value of goods produced by the state's durable manufacturing enterprises, which includes industries like machinery, electronics, and transportation equipment. This data is used by economists and policymakers to assess Wisconsin's industrial output and competitiveness.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of government and private sector sources.
Historical Context
Trends in this metric are closely monitored by state and federal officials to guide economic development policies and investments.
Key Facts
- Wisconsin's durable goods manufacturing GDP was $39.8 billion in 2021.
- This sector accounts for over 15% of the state's total economic output.
- Durable goods exports make up a significant portion of Wisconsin's international trade.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total value of goods produced by Wisconsin's durable manufacturing enterprises, including industries like machinery, electronics, and transportation equipment.
Q: Why is this trend relevant for users or analysts?
A: Trends in Wisconsin's durable goods manufacturing GDP are closely watched by economists and policymakers as an indicator of the state's industrial productivity and economic competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of government and private sector sources.
Q: How is this trend used in economic policy?
A: State and federal officials monitor this metric to guide economic development policies and investments aimed at supporting Wisconsin's manufacturing sector.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be a delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in Wisconsin (WIDURMANNQGSP), retrieved from FRED.