Real Gross Domestic Product: Manufacturing (31-33) in Arizona
Annual, Not Seasonally Adjusted
AZMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39,192.00
Year-over-Year Change
61.45%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted series measures the annual nominal gross state product (GSP) for the manufacturing sector in the United States. It provides insight into the overall economic performance and productivity of the 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 Annual, Not Seasonally Adjusted series for manufacturing GSP represents the total value of goods and services produced by the manufacturing sector within a given state or the national economy. This metric is a key indicator of the sector's contribution to overall economic activity and is widely used by economists and policymakers to assess regional and national economic conditions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on surveys and other economic indicators.
Historical Context
Manufacturing GSP data is used by government agencies, businesses, and researchers to analyze industry trends, inform economic policies, and make investment decisions.
Key Facts
- The manufacturing sector accounts for approximately 11% of U.S. GDP.
- Manufacturing GSP has grown by 23% over the past decade.
- Texas is the largest contributor to national manufacturing GSP.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted series measures the total nominal gross state product (GSP) generated by the manufacturing sector in the United States.
Q: Why is this trend relevant for users or analysts?
A: Manufacturing GSP is a key indicator of the sector's economic performance and productivity, providing valuable insights for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on surveys and other economic indicators.
Q: How is this trend used in economic policy?
A: Manufacturing GSP data is used by government agencies, businesses, and researchers to analyze industry trends, inform economic policies, and make investment decisions.
Q: Are there update delays or limitations?
A: The Annual, Not Seasonally Adjusted series is published with a lag of several months, reflecting the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (AZMANRGSP), retrieved from FRED.