Real Gross Domestic Product: Other Transportation Equipment Manufacturing (3364-3466, 3369) in Wisconsin
WIOTRANEQMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,297.10
Year-over-Year Change
-43.26%
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 Wisconsin. It is a key indicator of the state's economic performance and productivity in this crucial manufacturing sector.
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 GDP for other transportation equipment manufacturing in Wisconsin captures the inflation-adjusted value added by this industry to the state's overall economic output. It provides insights into the health and competitiveness of this manufacturing segment, which includes the production of aerospace, railroad, and other transportation-related equipment.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using production and price indices.
Historical Context
This trend is closely monitored by policymakers, economists, and industry analysts to assess Wisconsin's manufacturing capabilities and competitiveness.
Key Facts
- Wisconsin is a major hub for transportation equipment manufacturing.
- This industry accounts for a significant portion of the state's economic output.
- Trends in this sector reflect the overall health of Wisconsin's manufacturing base.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real 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 trend provides important insights into the performance and competitiveness of a key manufacturing sector in Wisconsin, which has implications for the state's overall economic health and development.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using production and price indices.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, economists, and industry analysts to assess Wisconsin's manufacturing capabilities and competitiveness, which informs economic development strategies and policies.
Q: Are there update delays or limitations?
A: There may be some delays in the release of this data, as it is dependent on the reporting and calculation processes 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 Wisconsin (WIOTRANEQMANRGSP), retrieved from FRED.