Gross Domestic Product: Miscellaneous Manufacturing (339) in Wisconsin
WIMISCMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,189.30
Year-over-Year Change
78.69%
Date Range
1/1/1997 - 1/1/2023
Summary
The Gross Domestic Product: Miscellaneous Manufacturing (339) in Wisconsin measures the total economic output of the miscellaneous manufacturing sector in the state. This metric is crucial for understanding Wisconsin's industrial composition and economic performance.
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 data series tracks the gross domestic product (GDP) contribution of the miscellaneous manufacturing industry in Wisconsin, which includes a diverse range of products such as medical equipment, sporting goods, and office supplies. It provides insights into the health and competitiveness of this important manufacturing segment within the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) using established national income and product accounting methods.
Historical Context
This economic trend is closely monitored by policymakers, businesses, and analysts to assess Wisconsin's manufacturing competitiveness and guide economic development strategies.
Key Facts
- Wisconsin's miscellaneous manufacturing sector accounts for over $10 billion in GDP annually.
- The industry employs more than 50,000 workers in the state.
- Miscellaneous manufacturing GDP in Wisconsin has grown by 3% on average over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This data series measures the gross domestic product (GDP) contribution of the miscellaneous manufacturing industry in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the health and competitiveness of an important manufacturing segment within Wisconsin's economy, which is crucial for policymakers, businesses, and analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) using established national income and product accounting methods.
Q: How is this trend used in economic policy?
A: This economic trend is closely monitored by policymakers, businesses, and analysts to assess Wisconsin's manufacturing competitiveness and guide economic development strategies.
Q: Are there update delays or limitations?
A: The data is published quarterly by the BEA, with a typical release delay of 2-3 months.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Miscellaneous Manufacturing (339) in Wisconsin (WIMISCMANNGSP), retrieved from FRED.