Chain-Type Quantity Index for Real GDP: Other Transportation Equipment Manufacturing (3364-3466, 3369) in South Dakota
SDOTRANEQMANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
242.58
Year-over-Year Change
92.07%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Other Transportation Equipment Manufacturing (3364-3466, 3369) in South Dakota tracks the output volume of this industry in the state. This metric is important for economists and policymakers to assess the health and trends of South Dakota's 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 measures the real output, adjusted for price changes, of the other transportation equipment manufacturing industry in South Dakota. It provides insight into the productivity and contribution of this sector to the state's overall economic activity.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using state-level GDP figures.
Historical Context
This trend is useful for analyzing the performance and competitiveness of South Dakota's manufacturing industry within regional and national contexts.
Key Facts
- South Dakota is a leading producer of other transportation equipment.
- This industry accounts for a significant portion of the state's GDP.
- Output levels in this sector can indicate broader economic trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real output volume of the other transportation equipment manufacturing industry in South Dakota, adjusting for price changes.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the productivity and competitiveness of a key manufacturing sector in South Dakota, which is relevant for economic policymakers and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using state-level GDP figures.
Q: How is this trend used in economic policy?
A: This trend can be used by policymakers and economists to assess the health and growth of South Dakota's manufacturing industry and inform economic development strategies.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting, and the metric may not capture all nuances of the industry's performance.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Other Transportation Equipment Manufacturing (3364-3466, 3369) in South Dakota (SDOTRANEQMANQGSP), retrieved from FRED.