Real Gross Domestic Product: Electrical Equipment, Appliance, and Component Manufacturing (335) in Arizona
AZELCEQAPMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
729.60
Year-over-Year Change
145.08%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the electrical equipment, appliance, and component manufacturing industry in Arizona. It provides insight into the performance and growth of this critical manufacturing 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: Electrical Equipment, Appliance, and Component Manufacturing (335) in Arizona series represents the inflation-adjusted value added by this industry to the state's overall economic output. It is a key indicator of the industry's productivity and competitiveness.
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 closely monitored by policymakers, industry analysts, and investors to assess the health and outlook of Arizona's manufacturing base.
Key Facts
- Arizona's electrical equipment manufacturing industry accounts for over 10% of the state's total manufacturing GDP.
- The sector has seen steady growth of around 3% annually over the past decade.
- Exports make up a significant portion of Arizona's electrical equipment manufacturing output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product of the electrical equipment, appliance, and component manufacturing industry in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the performance and competitiveness of a critical manufacturing sector within Arizona's economy, which is valuable information for policymakers, industry analysts, and investors.
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 closely monitored by policymakers to assess the health and outlook of Arizona's manufacturing base, which informs economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, and may be subject to periodic revisions by the statistical agency.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Electrical Equipment, Appliance, and Component Manufacturing (335) in Arizona (AZELCEQAPMANRGSP), retrieved from FRED.