Real Gross Domestic Product: Computer and Electronic Product Manufacturing (334) in Wisconsin
WICPUELCPMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,639.10
Year-over-Year Change
16.34%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the computer and electronic product manufacturing industry in Wisconsin. It provides insight into the productivity and output of this critical sector of 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: Computer and Electronic Product Manufacturing (334) in Wisconsin metric tracks the inflation-adjusted value added by this industry to the state's overall economic output. It is a key indicator of the health and competitiveness of Wisconsin's high-tech manufacturing capabilities.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This metric helps policymakers and analysts assess the performance and competitiveness of Wisconsin's technology manufacturing base.
Key Facts
- Wisconsin is a national leader in computer and electronic product manufacturing.
- This industry accounts for over 10% of the state's total GDP.
- Output in this sector has grown by 25% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric measures the real (inflation-adjusted) gross domestic product of the computer and electronic product manufacturing industry in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the productivity and competitiveness of a critical high-tech manufacturing sector in Wisconsin'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: This metric helps policymakers and analysts assess the performance and competitiveness of Wisconsin's technology manufacturing base.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Computer and Electronic Product Manufacturing (334) in Wisconsin (WICPUELCPMANRGSP), retrieved from FRED.