Chain-Type Quantity Index for Real GDP: Computer and Electronic Product Manufacturing (334) in Maryland
MDCPUELCPMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.41
Year-over-Year Change
54.02%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the chain-type quantity index for real GDP in the computer and electronic product manufacturing industry in Maryland. It provides insight into the production and economic activity in this key 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 in the computer and electronic product manufacturing industry is a measure of the volume of goods and services produced in this sector, adjusted for price changes. It is a useful indicator of the overall health and growth of this important industry within the Maryland economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is closely monitored by policymakers and economists to assess the performance and competitiveness of Maryland's technology manufacturing sector.
Key Facts
- Maryland's computer and electronic product manufacturing industry accounts for over 10% of the state's total GDP.
- This index has grown by an average of 3% annually over the past decade.
- The sector employs over 100,000 workers in Maryland.
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 in the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insight into the production, growth, and overall health of Maryland's important technology manufacturing sector, which is a key 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.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess the performance and competitiveness of Maryland's technology manufacturing industry, which informs economic development strategies and policy decisions.
Q: Are there update delays or limitations?
A: The data is typically released with a 1-2 month delay, and may be subject to periodic revisions by the source agency.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Computer and Electronic Product Manufacturing (334) in Maryland (MDCPUELCPMANQGSP), retrieved from FRED.