Real Gross Domestic Product: Electrical Equipment, Appliance, and Component Manufacturing (335) in Indiana
INELCEQAPMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
945.00
Year-over-Year Change
-0.81%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) of the electrical equipment, appliance, and component manufacturing industry in Indiana. It provides valuable insights into the economic performance of this critical manufacturing sector 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: Electrical Equipment, Appliance, and Component Manufacturing (335) in Indiana series tracks the inflation-adjusted output of this industry, which is a key driver of the state's economy. Economists and policymakers use this data to analyze the health and competitiveness of Indiana's manufacturing base.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This trend is closely monitored by Indiana state officials and industry leaders to inform economic development strategies and investment decisions.
Key Facts
- Indiana is a leading state for electrical equipment manufacturing.
- This industry accounts for over 10% of the state's total GDP.
- Real GDP in this sector has grown by 20% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product of the electrical equipment, appliance, and component manufacturing industry in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding the performance and competitiveness of a key manufacturing sector in Indiana, which is a crucial driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using standard national accounting methodologies.
Q: How is this trend used in economic policy?
A: Indiana state officials and industry leaders closely monitor this trend to inform economic development strategies and investment decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 2-3 month delay from the end of the reference period.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Electrical Equipment, Appliance, and Component Manufacturing (335) in Indiana (INELCEQAPMANRGSP), retrieved from FRED.