Chain-Type Quantity Index for Real GDP: Computer and Electronic Product Manufacturing (334) in the Great Lakes BEA Region
GLAKCPUELCPMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.06
Year-over-Year Change
6.96%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the chain-type quantity index for real GDP in the computer and electronic product manufacturing industry within the Great Lakes region of the United States. It provides insights into the productivity and output of this key manufacturing sector.
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 chain-type quantity index for real GDP is a measure of economic output that adjusts for inflation. This trend specifically focuses on the computer and electronic product manufacturing industry in the Great Lakes region, offering a regional perspective on this important component of the national economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA).
Historical Context
Policymakers and analysts use this trend to understand regional economic conditions and industry-specific performance.
Key Facts
- The Great Lakes region accounts for over 20% of U.S. manufacturing GDP.
- Computer and electronic product manufacturing is a leading industry in the region.
- This index is a key indicator of productivity and competitiveness in the sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the chain-type quantity index for real GDP in the computer and electronic product manufacturing industry within the Great Lakes region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the productivity and output of a key manufacturing sector in an important regional economy, offering valuable information for policymakers and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA).
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to understand regional economic conditions and industry-specific performance, which can inform decisions and policies related to manufacturing, trade, and economic development.
Q: Are there update delays or limitations?
A: There may be a delay of several months between the end of the reference period and the publication of the data, and the data may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Computer and Electronic Product Manufacturing (334) in the Great Lakes BEA Region (GLAKCPUELCPMANQGSP), retrieved from FRED.