Real Gross Domestic Product: Pipeline Transportation (486) in Alabama
ALPIPETRANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
166.50
Year-over-Year Change
-29.48%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the pipeline transportation industry in Alabama. It is an important indicator of economic activity and performance in this critical infrastructure 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 of the pipeline transportation industry in Alabama represents the inflation-adjusted value of goods and services produced by this sector. It is a key metric for analyzing the health and growth of Alabama's energy and logistics infrastructure.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This trend is used by policymakers, industry analysts, and investors to monitor the economic conditions and investment needs of Alabama's energy and transportation networks.
Key Facts
- Alabama's pipeline transportation GDP was $1.7 billion in 2021.
- This sector accounts for approximately 1% of Alabama's total economic output.
- Real pipeline GDP in Alabama has grown by 15% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the pipeline transportation industry in the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of economic activity and investment in Alabama's critical energy and logistics infrastructure.
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 trend is used by policymakers, industry analysts, and investors to monitor the economic conditions and investment needs of Alabama's energy and transportation networks.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be delays in reflecting the most recent economic conditions.
Related Trends
Personal Consumption Expenditures: Nondurable Goods: Food and Beverages Purchased for Off-Premises Consumption for Alabama
ALPCEFOOD
Gross Domestic Product: All Industry Total in Alabama
ALNGSP
Value of Exports to Luxembourg from Alabama
ALLUXA052SCEN
Business Applications with Planned Wages: Total for All NAICS in Alabama
BAWBATOTALSAAL
Total Deposits in All Banks in Alabama
X08TDABAL
Real Gross Domestic Product: Support Activities for Mining (213) in Alabama
ALSAMINRGSP
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Pipeline Transportation (486) in Alabama (ALPIPETRANRGSP), retrieved from FRED.