Chain-Type Quantity Index for Real GDP: Other Transportation and Support Activities (487-488, 492) in Arizona
AZOTHTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
161.67
Year-over-Year Change
90.11%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Other Transportation and Support Activities (487-488, 492) in Arizona measures the real output of the transportation and support services industry in the state. This metric provides insight into the economic performance and productivity of a key 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
This index tracks the real (inflation-adjusted) volume of goods and services produced by firms in the transportation, warehousing, and related support industries located in Arizona. It is a useful indicator of economic activity and productivity in this important component of the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using state-level GDP figures.
Historical Context
Policymakers and analysts use this metric to assess the health and competitiveness of Arizona's transportation and logistics industries.
Key Facts
- The index has a base year of 2012.
- Transportation and support services account for over 4% of Arizona's GDP.
- The index has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This index measures the real (inflation-adjusted) output of the transportation, warehousing, and related support services industry in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the performance and productivity of a key sector of Arizona's economy, which is important for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using state-level GDP figures.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health and competitiveness of Arizona's transportation and logistics industries, which are crucial to the state's economic development.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Other Transportation and Support Activities (487-488, 492) in Arizona (AZOTHTRANQGSP), retrieved from FRED.