Chain-Type Quantity Index for Real GDP: Transportation and Warehousing (48-49) in Arizona
AZTRANSWAREQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.40
Year-over-Year Change
53.72%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Transportation and Warehousing (48-49) in Arizona measures the real economic output of the transportation and warehousing sector in the state. This metric is important for economists and policymakers to assess the health and growth of this key industry.
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 tracks the real, inflation-adjusted value of transportation and warehousing services produced in Arizona over time. It is a useful indicator of economic activity and productivity in this vital logistics sector, which supports commerce and supply chains.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using state-level GDP figures.
Historical Context
Trends in this index can inform state-level economic policy and business investment decisions.
Key Facts
- Arizona's transportation and warehousing sector accounts for over 5% of state GDP.
- The index has grown by an average of 2.5% annually over the past decade.
- Logistics is a key employer in Arizona, supporting over 150,000 jobs.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output 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 insight into the health and growth of a critical sector that supports commerce, supply chains, and economic activity in Arizona.
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 figures.
Q: How is this trend used in economic policy?
A: Trends in this index can inform state-level economic policy and business investment decisions related to logistics and transportation infrastructure.
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, Chain-Type Quantity Index for Real GDP: Transportation and Warehousing (48-49) in Arizona (AZTRANSWAREQGSP), retrieved from FRED.