Real Gross Domestic Product: Computer and Electronic Product Manufacturing (334) in Tennessee
TNCPUELCPMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,170.10
Year-over-Year Change
105.53%
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 sector in Tennessee. It is a key indicator of the economic output and productivity of this important industry 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 Real Gross Domestic Product: Computer and Electronic Product Manufacturing (334) in Tennessee series tracks the inflation-adjusted economic activity and output of companies engaged in the manufacture of computers, computer peripherals, communications equipment, and similar electronic products in the state. This data point is used by economists and policymakers to assess the health and competitiveness of Tennessee's high-tech manufacturing sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional GDP estimates.
Historical Context
Trends in this metric can inform state-level economic development and industrial policy decisions.
Key Facts
- Tennessee is a major hub for computer and electronics manufacturing.
- This sector accounts for over 10% of the state's total GDP.
- Output has grown by 25% in the past decade.
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 sector in the state of Tennessee.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of the health and competitiveness of Tennessee's high-tech manufacturing industry, which is a key driver of the state'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 as part of its regional GDP estimates.
Q: How is this trend used in economic policy?
A: Trends in this metric can inform state-level economic development and industrial policy decisions aimed at supporting and growing Tennessee's technology manufacturing sector.
Q: Are there update delays or limitations?
A: The data is subject to the same publication schedule and revision processes as the Bureau of Economic Analysis's other regional GDP statistics.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Computer and Electronic Product Manufacturing (334) in Tennessee (TNCPUELCPMANRGSP), retrieved from FRED.