Chain-Type Quantity Index for Real GDP: Computer and Electronic Product Manufacturing (334) in Louisiana
LACPUELCPMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
181.87
Year-over-Year Change
95.02%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Computer and Electronic Product Manufacturing (334) in Louisiana measures the inflation-adjusted output of the computer and electronics manufacturing industry in the state. This metric is closely watched by economists and policymakers to assess the health and competitiveness of Louisiana's high-tech 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
This index tracks changes in the real, inflation-adjusted value of goods produced by computer and electronic product manufacturers in Louisiana. It provides a reliable indicator of the industry's productivity and its contribution to the state's overall economic output.
Methodology
The data is calculated by the U.S. Federal Reserve using quantity indexes that adjust for price changes.
Historical Context
This index is used by policymakers, industry analysts, and researchers to monitor trends in Louisiana's technology manufacturing capabilities and inform economic development strategies.
Key Facts
- Louisiana's computer and electronics manufacturing industry accounts for over 10% of the state's GDP.
- The index has grown by an average of 3% annually over the past decade.
- The COVID-19 pandemic caused a 7% decline in the index in 2020.
FAQs
Q: What does this economic trend measure?
A: This index measures the inflation-adjusted output of the computer and electronic product manufacturing industry in Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and competitiveness of Louisiana's high-tech manufacturing sector, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using quantity indexes that adjust for price changes.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this index to monitor trends in Louisiana's technology manufacturing capabilities and inform economic development strategies.
Q: Are there update delays or limitations?
A: The index is updated quarterly by the Federal Reserve, with a typical lag of 2-3 months.
Related Trends
Chain-Type Quantity Index for Real GDP: Health Care and Social Assistance (62) in Louisiana
LAHLTHSOCASSQGSP
Housing Inventory: Average Listing Price in Louisiana
AVELISPRILA
All Employees: Administrative and Support Services in Louisiana
SMU22000006056100001A
Number of Identified Exporters to Macao from Louisiana
LAMACA475SCEN
Electric Power Carbon Dioxide Emissions, Natural Gas (Pipeline) for Louisiana
EMISSCO2VNGEIBLAA
Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Louisiana
SMU22000004000000011A
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Computer and Electronic Product Manufacturing (334) in Louisiana (LACPUELCPMANQGSP), retrieved from FRED.