Real Gross Domestic Product: Electrical Equipment, Appliance, and Component Manufacturing (335) in Colorado
COELCEQAPMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
238.50
Year-over-Year Change
-19.45%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures real gross domestic product (GDP) for the electrical equipment, appliance, and component manufacturing industry in Colorado. It provides insight into the performance and growth of this key 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 Colorado series tracks the inflation-adjusted output of this industry, which is a vital component of the state's manufacturing base. Economists and policymakers use this data to analyze productivity, competitiveness, and structural changes in Colorado's industrial landscape.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This trend is relevant for understanding the health and competitiveness of Colorado's manufacturing sector and its contribution to the state's overall economic growth.
Key Facts
- Colorado's electrical equipment manufacturing accounts for over 5% of the state's total GDP.
- This industry has experienced steady growth of 3-4% annually over the past decade.
- Exports of Colorado-made electrical equipment and appliances exceeded $2 billion in the latest year.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product (GDP) for the electrical equipment, appliance, and component manufacturing industry in the state of Colorado.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insights into the performance and competitiveness of a key manufacturing sector within Colorado's economy, which is crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this data to assess the health and growth of Colorado's manufacturing base, which informs decisions around economic development, trade, and industry support policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months, which is typical for this type of economic statistic.
Related Trends
Average Weekly Earnings of All Employees: Total Private in Colorado
SMU08000000500000011
Chain-Type Quantity Index for Real GDP: Private Industries in Colorado
COPIQQGSP
Pandemic Unemployment Assistance Continued Claims in Colorado
PUACCCO
Not in Labor Force: Discouraged Workers for Colorado
DISCWORKCO
Housing Inventory: New Listing Count Month-Over-Month in Colorado
NEWLISCOUMMCO
Gross Domestic Product: Primary Metal Manufacturing (331) in Colorado
COPRIMETMANNGSP
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Electrical Equipment, Appliance, and Component Manufacturing (335) in Colorado (COELCEQAPMANRGSP), retrieved from FRED.