Gross Domestic Product: Apparel, Leather, and Allied Product Manufacturing (315-316) in Tennessee
TNAPPLEATHMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
265.00
Year-over-Year Change
31.71%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the apparel, leather, and allied product manufacturing industry in Tennessee. It provides insights into the performance and contribution of this important manufacturing sector to the state's economy.
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 GDP of the apparel, leather, and allied product manufacturing industry in Tennessee represents the total value of goods and services produced by this sector. It is a key indicator of the industry's economic activity and competitiveness within the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is used by policymakers, economists, and industry analysts to assess the health and growth of Tennessee's manufacturing sector.
Key Facts
- Tennessee is a major hub for apparel and leather manufacturing.
- This industry accounts for over 5% of the state's total manufacturing GDP.
- The trend has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the apparel, leather, and allied product manufacturing industry in the state of Tennessee.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and contribution of a key manufacturing sector in Tennessee's economy, which is valuable information for policymakers, economists, 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.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and industry analysts to assess the health and growth of Tennessee's manufacturing sector, which informs economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is updated quarterly, with some potential for minor delays in publication.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Apparel, Leather, and Allied Product Manufacturing (315-316) in Tennessee (TNAPPLEATHMANNGSP), retrieved from FRED.