Real Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in Florida
FLDURMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40,794.90
Year-over-Year Change
77.34%
Date Range
1/1/1997 - 1/1/2024
Summary
This trend measures the real gross domestic product (GDP) of the durable goods manufacturing sector in Florida. It provides insights into the economic performance and productivity of this key industry within the state.
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 Florida series tracks the inflation-adjusted output of the durable goods manufacturing industries in the state. This metric is valuable for understanding the health and contribution of this sector to the overall Florida economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and economic analysts use this trend to assess the competitiveness and growth potential of Florida's manufacturing base.
Key Facts
- Florida is a major hub for durable goods manufacturing.
- This sector accounts for a significant portion of the state's economic output.
- Trends in durable goods manufacturing can signal broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product of the durable goods manufacturing sector in the state of Florida.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the performance and productivity of a key industry within the Florida economy, which is important for policymakers and economic analysts.
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: Policymakers and analysts use this trend to assess the competitiveness and growth potential of Florida's manufacturing base, which informs economic development strategies.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and revisions of 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 Florida (FLDURMANRGSP), retrieved from FRED.