Real Gross Domestic Product: Computer and Electronic Product Manufacturing (334) in North Dakota
NDCPUELCPMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.90
Year-over-Year Change
-9.82%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) of the computer and electronic product manufacturing industry in North Dakota. It provides insight into the economic output and productivity of this key sector in 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: Computer and Electronic Product Manufacturing (334) in North Dakota series tracks the inflation-adjusted value-added output of this industry over time. It is a crucial indicator of the state's technology manufacturing capacity and competitiveness.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using production and sales information.
Historical Context
This metric helps policymakers and industry analysts assess the health and trends of North Dakota's technology manufacturing base.
Key Facts
- North Dakota's computer and electronics manufacturing GDP was $1.2 billion in 2021.
- This industry accounts for 3.4% of the state's total economic output.
- Real GDP in this sector grew by 7.2% in 2021 after declining in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product (GDP) of the computer and electronic product manufacturing industry in the state of North Dakota.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the productivity and competitiveness of North Dakota's technology manufacturing base, which is an important driver of the state's economic growth.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using production and sales information from businesses in this industry.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this metric to assess the health and trends of North Dakota's technology manufacturing sector, which informs economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, with a lag of approximately two to three months.
Related Trends
Gross Domestic Product: Management of Companies and Enterprises (55) in North Dakota
NDMNGCOENTPRNQGSP
Chain-Type Quantity Index for Real GDP: All Industry Total in North Dakota
NDQQGSP
Projected Business Formations Within Four Quarters: Total for All NAICS in North Dakota
BFPBF4QTOTALSAND
Average Hourly Earnings of All Employees: Private Service Providing in North Dakota
SMU38000000800000003
All Employees: Government: State Government Excluding Education in North Dakota
SMU38000009092200001
Gross Domestic Product: Nonmetallic Mineral Product Manufacturing (327) in North Dakota
NDNMMPMANNGSP
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Computer and Electronic Product Manufacturing (334) in North Dakota (NDCPUELCPMANRGSP), retrieved from FRED.