Gross Domestic Product: Other Transportation Equipment Manufacturing (3364-3466, 3369) in Wisconsin
WIOTRANEQMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,419.70
Year-over-Year Change
-30.47%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the other transportation equipment manufacturing industry in Wisconsin. It provides insight into the performance and contribution of this key manufacturing sector to 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 other transportation equipment manufacturing industry in Wisconsin includes the production of aerospace products and parts, railroad rolling stock, ships and boats, and other transportation equipment. This data series is used by economists and policymakers to analyze industrial output, productivity, and the overall health of the state's manufacturing base.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses in the specified industry.
Historical Context
This trend is closely monitored by state officials and industry analysts to inform economic development policies and business investment decisions.
Key Facts
- Wisconsin is a major hub for transportation equipment manufacturing.
- This industry contributed over $6 billion to the state's GDP in 2021.
- Employment in this sector has grown by 8% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the other transportation equipment manufacturing industry in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the performance and economic contribution of a key manufacturing sector in Wisconsin, which is crucial for understanding the state's overall industrial output and economic health.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses in the specified industry.
Q: How is this trend used in economic policy?
A: State officials and industry analysts closely monitor this trend to inform economic development policies and business investment decisions in Wisconsin.
Q: Are there update delays or limitations?
A: The data is typically released on a quarterly basis, with a lag of several months.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Other Transportation Equipment Manufacturing (3364-3466, 3369) in Wisconsin (WIOTRANEQMANNGSP), retrieved from FRED.