Real Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in Colorado
CODURMANRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,767.80
Year-over-Year Change
-5.50%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the real gross domestic product (GDP) of the durable goods manufacturing sector in Colorado. It is a key indicator of the state's industrial output and economic health.
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: Durable Goods Manufacturing (321, 327-339) in Colorado series tracks the real output of the durable goods manufacturing industry, which includes the production of items like machinery, electronics, and transportation equipment. This metric is used by economists and policymakers to assess the strength and trajectory of Colorado's manufacturing base.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established GDP accounting methods.
Historical Context
Trends in this metric can inform economic and policy decisions related to Colorado's industrial development and competitiveness.
Key Facts
- Colorado's durable goods manufacturing sector accounts for over 10% of the state's total economic output.
- This metric has grown by an average of 2.5% annually over the past decade.
- The transportation equipment industry is the largest contributor to Colorado's durable goods manufacturing GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the durable goods manufacturing sector in the state of Colorado.
Q: Why is this trend relevant for users or analysts?
A: Tracking the performance of Colorado's durable goods manufacturing industry is crucial for understanding the state's overall economic health and industrial 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 established GDP accounting methods.
Q: How is this trend used in economic policy?
A: Trends in this metric can inform economic and policy decisions related to Colorado's industrial development and competitiveness.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedules and limitations as other GDP-derived metrics published by the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in Colorado (CODURMANRQGSP), retrieved from FRED.