Chain-Type Quantity Index for Real GDP: Truck Transportation (484) in Arizona
AZTRUCKTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.08
Year-over-Year Change
41.82%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Truck Transportation (484) in Arizona measures the volume of economic activity in the truck transportation industry within the state. This metric is important for economists and policymakers to gauge the health and productivity of a key logistics 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 tracks the real, inflation-adjusted quantity of goods and services produced by the truck transportation industry in Arizona. It is a key indicator of economic activity and supply chain dynamics within the state.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type index formula.
Historical Context
Policymakers and industry analysts use this metric to monitor trends in Arizona's transportation and logistics sectors.
Key Facts
- The index uses 2012 as the base year.
- Truck transportation is a major industry in Arizona's economy.
- The index helps track productivity and efficiency in the state's supply chains.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted quantity of goods and services produced by the truck transportation industry in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for economists and policymakers to gauge the health and productivity of a key logistics sector within Arizona's economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type index formula.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this metric to monitor trends in Arizona's transportation and logistics sectors, which are critical to the state's overall economic performance.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and any revisions made by the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Truck Transportation (484) in Arizona (AZTRUCKTRANQGSP), retrieved from FRED.