Real Gross Domestic Product: Other Transportation Equipment Manufacturing (3364-3466, 3369) in Tennessee
TNOTRANEQMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,092.30
Year-over-Year Change
66.36%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the other transportation equipment manufacturing industry in Tennessee. It provides insights into the performance and growth of this key manufacturing sector within 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 Real Gross Domestic Product: Other Transportation Equipment Manufacturing (3364-3466, 3369) in Tennessee series tracks the inflation-adjusted output of businesses engaged in manufacturing a variety of transportation equipment, excluding motor vehicles. This metric is used by economists and policymakers to analyze the health and competitiveness of Tennessee's broader manufacturing industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Trends in this metric can inform economic and industrial policies aimed at supporting manufacturing competitiveness and regional economic development in Tennessee.
Key Facts
- Tennessee is a major hub for transportation equipment manufacturing.
- This industry accounts for a significant portion of the state's GDP.
- Trends in this metric can signal shifts in the competitiveness of Tennessee's manufacturing sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product of the other transportation equipment manufacturing industry in the state of Tennessee.
Q: Why is this trend relevant for users or analysts?
A: Tracking this metric provides insights into the performance and growth of a key manufacturing sector within Tennessee's economy, which is important for economic analysis and policy decisions.
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: Trends in this metric can inform economic and industrial policies aimed at supporting manufacturing competitiveness and regional economic development in Tennessee.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and revisions of the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Other Transportation Equipment Manufacturing (3364-3466, 3369) in Tennessee (TNOTRANEQMANRGSP), retrieved from FRED.