Real Gross Domestic Product: Pipeline Transportation (486) in Arizona
AZPIPETRANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
93.00
Year-over-Year Change
27.92%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the pipeline transportation industry in the state of Arizona. It provides insight into the performance and contribution of this key infrastructure sector to the state's overall economic activity.
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: Pipeline Transportation (486) in Arizona series tracks the inflation-adjusted value added by the pipeline transportation industry to the state's GDP. This metric is used by economists and policymakers to analyze the health and growth of this critical logistics and energy infrastructure.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional GDP estimates.
Historical Context
Trends in pipeline transportation GDP are closely monitored by government, industry, and market analysts to assess infrastructure investment needs and the broader economic implications.
Key Facts
- Arizona's pipeline transportation GDP was $1.4 billion in 2021.
- This industry accounts for about 0.7% of the state's total economic output.
- Pipeline transportation GDP in Arizona has grown by 3.2% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the real (inflation-adjusted) gross domestic product contributed by the pipeline transportation industry in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: Monitoring the performance of Arizona's pipeline transportation sector provides important insights into the state's critical energy and logistics infrastructure, which is vital for economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional GDP estimates.
Q: How is this trend used in economic policy?
A: Trends in pipeline transportation GDP are closely watched by government, industry, and market analysts to assess infrastructure investment needs and the broader economic implications for Arizona.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of approximately 1 year, so the most recent figures may not reflect the current economic conditions.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Pipeline Transportation (486) in Arizona (AZPIPETRANRGSP), retrieved from FRED.