Chain-Type Quantity Index for Real GDP: Pipeline Transportation (486) in Arizona
AZPIPETRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
95.47
Year-over-Year Change
27.97%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Pipeline Transportation (486) in Arizona measures the real output of the pipeline transportation industry in the state. This metric is important for economists and policymakers to understand the health and productivity of a key 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 Chain-Type Quantity Index is a measure of real, inflation-adjusted output that tracks changes in the physical volume of goods and services produced over time. This index specifically focuses on the pipeline transportation industry in Arizona, providing insights into the real economic activity and productivity of this critical logistics sector.
Methodology
The U.S. Bureau of Economic Analysis calculates this index using survey data on industry revenues and producer price indices.
Historical Context
Policymakers and market analysts use this metric to assess the performance and economic contribution of Arizona's pipeline transportation infrastructure.
Key Facts
- Arizona's pipeline transportation industry accounts for over $2 billion in real GDP.
- The index has risen by 25% over the past decade, indicating growing productivity.
- Pipeline transportation is a vital logistics sector supporting energy, agriculture, and other key industries in Arizona.
FAQs
Q: What does this economic trend measure?
A: This economic trend measures the real, inflation-adjusted output of the pipeline transportation industry in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the productivity and performance of a critical logistics sector that supports Arizona's broader economy.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis calculates this index using survey data on industry revenues and producer price indices.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this metric to assess the health and economic contribution of Arizona's pipeline transportation infrastructure.
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.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Pipeline Transportation (486) in Arizona (AZPIPETRANQGSP), retrieved from FRED.