Gross Domestic Product: Transportation and Warehousing (48-49) in Alabama
ALTRANSWARENGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,797.70
Year-over-Year Change
83.84%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the gross domestic product (GDP) for the transportation and warehousing industry in the state of Alabama. It provides valuable insights into a key 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 Gross Domestic Product: Transportation and Warehousing (48-49) in Alabama metric tracks the total economic output of the transportation and warehousing industry within the state. This data helps analysts and policymakers understand the performance and importance of this industry to Alabama's overall economic growth.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This economic trend is used by economists, businesses, and government agencies to inform policy decisions and market analysis.
Key Facts
- Alabama's transportation and warehousing GDP was $10.7 billion in 2021.
- This industry accounts for 4.1% of Alabama's total economic output.
- The transportation and warehousing sector in Alabama has grown by 2.8% annually since 2015.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the transportation and warehousing industry in the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into a key sector of Alabama's economy, helping analysts and policymakers understand its performance and importance.
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, businesses, and government agencies to inform policy decisions and market analysis.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately three months.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Transportation and Warehousing (48-49) in Alabama (ALTRANSWARENGSP), retrieved from FRED.