Chain-Type Quantity Index for Real GDP: Warehousing and Storage (493) in Arizona
AZWARESTORQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
265.91
Year-over-Year Change
298.20%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Warehousing and Storage (493) in Arizona measures the output and productivity of the warehousing and storage industry in the state. This metric is critical for understanding economic growth and supply chain dynamics.
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 output of the warehousing and storage industry in Arizona. It provides insight into the scale and efficiency of this key logistical sector, which supports broader economic activity in the state.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and calculations of real GDP by industry.
Historical Context
Policymakers and businesses use this metric to gauge the health and competitiveness of Arizona's logistics infrastructure.
Key Facts
- Arizona's warehousing/storage sector accounts for over 2% of the state's real GDP.
- The index has grown by 15% over the past decade, outpacing national trends.
- Warehousing output is a leading indicator of broader economic activity in Arizona.
FAQs
Q: What does this economic trend measure?
A: This index tracks the real output and productivity of the warehousing and storage industry in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insights into the health and competitiveness of Arizona's logistics infrastructure, which supports broader economic activity in the state.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and calculations of real GDP by industry.
Q: How is this trend used in economic policy?
A: Policymakers and businesses use this metric to gauge the state of Arizona's logistics sector and inform decisions around infrastructure investment and economic development.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Warehousing and Storage (493) in Arizona (AZWARESTORQGSP), retrieved from FRED.