Gross Domestic Product: Computer and Electronic Product Manufacturing (334) in Connecticut
CTCPUELCPMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,809.80
Year-over-Year Change
14.69%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) generated by the computer and electronic product manufacturing industry in the state of Connecticut. It provides insights into the performance and contribution of this key manufacturing sector to the state's overall economic activity.
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 Gross Domestic Product: Computer and Electronic Product Manufacturing (334) in Connecticut series tracks the total value of goods and services produced by this industry within the state. It is an important indicator of the health and competitiveness of Connecticut's high-tech manufacturing capabilities.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its state-level GDP by industry program.
Historical Context
This trend is closely monitored by policymakers, industry analysts, and economic development agencies to assess Connecticut's manufacturing competitiveness and inform policy decisions.
Key Facts
- Connecticut is a leading state for computer and electronic product manufacturing.
- This industry accounts for a significant portion of the state's total economic output.
- The trend has shown volatility in recent years due to global supply chain disruptions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) generated by the computer and electronic product manufacturing industry in the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the performance and competitiveness of a critical manufacturing sector in Connecticut, which is important for policymakers, industry analysts, and economic development agencies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its state-level GDP by industry program.
Q: How is this trend used in economic policy?
A: This trend is closely monitored to assess Connecticut's manufacturing competitiveness and inform policy decisions related to economic development, workforce training, and industry support.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions and may have a delay in availability compared to some other economic indicators.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Computer and Electronic Product Manufacturing (334) in Connecticut (CTCPUELCPMANNGSP), retrieved from FRED.