Real Gross Domestic Product: Miscellaneous Manufacturing (339) in Wisconsin
WIMISCMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,941.60
Year-over-Year Change
49.87%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the miscellaneous manufacturing industry in Wisconsin. It provides important insights into the state's economic activity and industrial composition.
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
Real GDP is a key indicator of economic growth and production. The miscellaneous manufacturing industry encompasses a diverse range of products, offering a broad perspective on Wisconsin's manufacturing sector performance.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is used by economists, policymakers, and businesses to analyze Wisconsin's economic conditions and competitiveness.
Key Facts
- Wisconsin is a major manufacturing hub in the Midwest.
- Miscellaneous manufacturing accounts for a significant portion of the state's GDP.
- This trend can signal changes in Wisconsin's economic diversification and competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the miscellaneous manufacturing industry in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into Wisconsin's economic activity and the performance of its manufacturing sector, which is a crucial component 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.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and businesses to analyze Wisconsin's economic conditions and competitiveness, which can inform policy decisions and business strategies.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness and availability of information from the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Miscellaneous Manufacturing (339) in Wisconsin (WIMISCMANRGSP), retrieved from FRED.