Real Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in Arizona
AZOTHTRANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,308.80
Year-over-Year Change
90.11%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) of the other transportation and support activities sector in Arizona. It is a key indicator of economic activity and productivity in the state's transportation and logistics industries.
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 Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in Arizona metric tracks the inflation-adjusted economic output of firms involved in air, rail, water, and other transportation services, as well as related support activities like warehousing and storage. This data provides insights into the performance and health of a vital component of Arizona's economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using state-level GDP information.
Historical Context
Policymakers and businesses use this metric to assess economic conditions and development in Arizona's transportation sector.
Key Facts
- Arizona's other transportation and support activities sector contributed $7.7 billion to state GDP in 2021.
- This industry has grown by 23% in real terms over the past decade in Arizona.
- The transportation and logistics sector accounts for over 5% of Arizona's total economic output.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the real (inflation-adjusted) gross domestic product of the other transportation and support activities sector in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: The performance of Arizona's transportation and logistics industries is a key indicator of overall economic activity and productivity in the state.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using state-level GDP information.
Q: How is this trend used in economic policy?
A: Policymakers and businesses use this metric to assess economic conditions and development in Arizona's transportation sector.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in Arizona (AZOTHTRANRGSP), retrieved from FRED.