Chain-Type Quantity Index for Real GDP: Computer and Electronic Product Manufacturing (334) in North Dakota
NDCPUELCPMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36.26
Year-over-Year Change
-9.85%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Computer and Electronic Product Manufacturing (334) in North Dakota measures the volume of economic output in this critical industry within the state. This metric is a key indicator of North Dakota's economic performance and competitiveness in the technology 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 provides a detailed view of the real GDP contribution from the computer and electronic product manufacturing industry in North Dakota. It allows economists and policymakers to track productivity, growth, and structural shifts within this important manufacturing segment of the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using detailed industry output and price information.
Historical Context
This metric is closely watched by state officials, industry groups, and market analysts to assess North Dakota's economic health and technological competitiveness.
Key Facts
- North Dakota is a leading U.S. state for computer and electronic product manufacturing.
- This industry accounts for a significant portion of the state's economic output.
- The index reflects productivity and volume changes in this critical technology sector.
FAQs
Q: What does this economic trend measure?
A: This metric measures the real, inflation-adjusted volume of economic output from the computer and electronic product manufacturing industry in North Dakota.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insights into the performance and competitiveness of a key technology-driven sector within North Dakota'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 detailed industry output and pricing information.
Q: How is this trend used in economic policy?
A: State officials, industry groups, and market analysts closely monitor this metric to assess North Dakota's economic health and technological competitiveness.
Q: Are there update delays or limitations?
A: The data is published quarterly with a moderate lag, reflecting the time required to collect and process the underlying industry information.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Computer and Electronic Product Manufacturing (334) in North Dakota (NDCPUELCPMANQGSP), retrieved from FRED.