Gross Domestic Product: Transportation and Warehousing (48-49) in Arizona
AZTRANSWARENGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,491.10
Year-over-Year Change
127.53%
Date Range
1/1/1997 - 1/1/2024
Summary
This series measures the gross domestic product (GDP) of the transportation and warehousing industry in Arizona. It provides insights into the economic activity and performance of this crucial 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 transportation and warehousing industry plays a vital role in the overall economy, facilitating the movement of goods and people. This series helps analysts and policymakers understand the trends and changes within this industry in the state of Arizona.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This metric is used to inform economic policy decisions and assess the health of Arizona's transportation and logistics markets.
Key Facts
- Arizona's transportation and warehousing GDP was $18.4 billion in 2021.
- This industry accounts for over 4% of Arizona's total economic output.
- The sector has seen steady growth, expanding by 20% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This series measures the gross domestic product (GDP) of the transportation and warehousing industry in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the performance and economic contribution of a crucial industry within Arizona's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: This metric is used to inform economic policy decisions and assess the health of Arizona's transportation and logistics markets.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Transportation and Warehousing (48-49) in Arizona (AZTRANSWARENGSP), retrieved from FRED.