Gross Domestic Product: Computer and Electronic Product Manufacturing (334) in Tennessee
TNCPUELCPMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,199.20
Year-over-Year Change
84.92%
Date Range
1/1/1997 - 1/1/2023
Summary
This series measures the gross domestic product (GDP) of the computer and electronic product manufacturing industry in Tennessee. It provides insights into the economic performance of this crucial sector within 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 Gross Domestic Product: Computer and Electronic Product Manufacturing (334) in Tennessee series tracks the total value of goods and services produced by this industry in the state. It is an important indicator for understanding the state's economic composition and competitiveness in high-tech manufacturing.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This metric is used by policymakers, economists, and businesses to assess the health and trends of Tennessee's technology manufacturing industry.
Key Facts
- Tennessee is a major hub for computer and electronics manufacturing.
- This industry accounts for a significant portion of the state's economic output.
- GDP in this sector 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 computer and electronic 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 competitiveness of a key high-tech manufacturing sector within Tennessee'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 established national accounting principles.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and businesses use this metric to assess the health and trends of Tennessee's technology manufacturing industry, which informs economic development strategies.
Q: Are there update delays or limitations?
A: There may be some delays in data availability, as the Bureau of Economic Analysis collects and processes this information on a periodic basis.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Computer and Electronic Product Manufacturing (334) in Tennessee (TNCPUELCPMANNGSP), retrieved from FRED.