Chain-Type Quantity Index for Real GDP: Transportation and Warehousing (48-49) in Alabama
Annual, Not Seasonally Adjusted
ALTRANSWAREQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.51
Year-over-Year Change
16.13%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted series measures the value of real goods and services produced by the U.S. transportation and warehousing sector. This metric is a key indicator of economic activity and productivity in a crucial industry.
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 Annual, Not Seasonally Adjusted series for the transportation and warehousing sector represents the total real output of this industry, adjusted for inflation. It provides an overview of the sector's economic contribution and performance over time.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Historical Context
This metric is widely used by economists, policymakers, and industry analysts to assess the state of the U.S. economy and transportation infrastructure.
Key Facts
- The transportation and warehousing sector accounts for over 4% of U.S. GDP.
- Real output in this sector has grown by over 20% in the past decade.
- The COVID-19 pandemic caused a sharp decline in transportation and warehousing activity in 2020.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted series measures the total real output of the U.S. transportation and warehousing sector, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a comprehensive view of activity and productivity in a crucial industry, offering insights into the overall state of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the health of the transportation and logistics sectors, which are vital for the functioning of the broader economy.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of several months, so there may be a delay in reflecting the most recent economic conditions.
Related Trends
Real Gross Domestic Product: Nonmetallic Mineral Product Manufacturing (327) in Alabama
ALNMMPMANRGSP
All Employees: Transportation and Utilities: Transportation and Warehousing in Alabama
SMU01000004340008901SA
Chain-Type Quantity Index for Real GDP: Ambulatory Health Care Services (621) in Alabama
ALAMBHCQGSP
Coefficient for Electric Power Carbon Dioxide Emissions, Distillate Fuel for Alabama
EMISSCO2CDKEIBALA
Gross Domestic Product: Finance, Insurance, Real Estate, Rental, and Leasing (52, 53) in Alabama
ALFININSREALNGSP
Real Personal Income: Nonmetropolitan Portion for Alabama
ALNMPRPI
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (ALTRANSWAREQGSP), retrieved from FRED.