Chain-Type Quantity Index for Real GDP: Rail Transportation (482) in Arizona
AZRAILTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
95.68
Year-over-Year Change
4.94%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Rail Transportation (482) in Arizona measures the real output of the rail transportation industry in the state. This metric is important for economists and policymakers to assess economic activity and growth in the transportation 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 represents the quantity of real GDP produced by the rail transportation industry in Arizona, adjusted for price changes over time. It is a valuable indicator of the productivity and output levels within this critical component of the state's economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using industry-level price and quantity information.
Historical Context
This trend is used to inform economic policy decisions and provide insight into the performance of Arizona's transportation infrastructure and logistics networks.
Key Facts
- Arizona's rail transportation industry accounts for a significant portion of the state's economic output.
- The index has exhibited steady growth over the past decade, reflecting the importance of rail infrastructure to Arizona's economy.
- Policymakers use this metric to assess the health and competitiveness of the state's transportation sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted output of the rail transportation industry in the state of Arizona, providing a gauge of economic activity and productivity in this sector.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the performance and contribution of the rail transportation industry to Arizona's overall economic growth and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using industry-level price and quantity information.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to inform decisions related to transportation infrastructure investment, economic development strategies, and the overall health of Arizona's logistics and supply chain networks.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule by the U.S. Bureau of Economic Analysis, but may be subject to revisions and adjustments over time.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Rail Transportation (482) in Arizona (AZRAILTRANQGSP), retrieved from FRED.