Real Gross Domestic Product: Manufacturing (31-33) in Tennessee
TNMANRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59,652.10
Year-over-Year Change
-3.45%
Date Range
1/1/2005 - 1/1/2025
Summary
The Real Gross Domestic Product: Manufacturing (31-33) in Tennessee measures the inflation-adjusted output of the manufacturing sector in the state, providing insight into the overall health and productivity of this key industry.
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 economic trend represents the real, or inflation-adjusted, value of goods produced by Tennessee's manufacturing industries, which comprise a significant portion of the state's economy. It is an important indicator of industrial activity and can inform economic policymaking and business investment decisions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using information from surveys and economic census reports.
Historical Context
This metric is closely watched by economists, businesses, and policymakers to assess the competitive position and growth prospects of Tennessee's manufacturing base.
Key Facts
- Manufacturing accounts for 17% of Tennessee's GDP.
- Tennessee ranks 5th nationally in total manufacturing output.
- The state's manufacturing sector employs over 350,000 workers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted value of goods produced by Tennessee's manufacturing industries, providing insight into the health and productivity of this key sector of the state's economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists, businesses, and policymakers to assess the competitive position and growth prospects of Tennessee's manufacturing base, which is a major driver of the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using information from surveys and economic census reports.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the health of Tennessee's manufacturing sector and inform decisions related to economic development, workforce training, and policies that impact industrial competitiveness.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a delay of several months. Users should be aware of this lag when interpreting the most recent figures.
Related Trends
Total Deposits in Commercial Nonmember Banks in Tennessee
X08TDCBNMBTTN
Monthly State Retail Sales: Electronics and Appliance Stores in Tennessee
MSRSTN443
All Employees: Manufacturing: Non-Durable Goods: Chemical Manufacturing in Tennessee
SMU47000003232500001SA
Coefficient for Transportation Carbon Dioxide Emissions, Natural Gas (Pipeline) for Tennessee
EMISSCO2CNGACBTNA
Transportation Carbon Dioxide Emissions, Natural Gas for Tennessee
EMISSCO2TOTVTCNGTNA
Chain-Type Quantity Index for Real GDP: Other Transportation Equipment Manufacturing (3364-3466, 3369) in Tennessee
TNOTRANEQMANQGSP
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Manufacturing (31-33) in Tennessee (TNMANRQGSP), retrieved from FRED.