Chain-Type Quantity Index for Real GDP: Air Transportation (481) in the District of Columbia
DCAIRTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
55.03
Year-over-Year Change
-28.49%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Air Transportation (481) in the District of Columbia measures the real output of the air transportation sector in the District of Columbia. This metric is important for economists and policymakers to understand the economic health and growth of the local transportation 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
The Chain-Type Quantity Index tracks the real, inflation-adjusted output of the air transportation sector in the District of Columbia over time. This helps analyze productivity, efficiency, and growth trends in a key industry that supports the local economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using proprietary methods to adjust for price changes.
Historical Context
This index is used by economists, transportation analysts, and policymakers to monitor the performance of the air transportation industry and its broader economic impact.
Key Facts
- The index is published quarterly.
- The base year is 2012.
- The index tracks the real output of air transportation services.
FAQs
Q: What does this economic trend measure?
A: This metric measures the real, inflation-adjusted output of the air transportation sector in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This index is important for understanding the economic health and growth of the local air transportation industry, which is a key part of the District of Columbia's economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using proprietary methods to adjust for price changes.
Q: How is this trend used in economic policy?
A: This index is used by economists, transportation analysts, and policymakers to monitor the performance of the air transportation industry and its broader economic impact.
Q: Are there update delays or limitations?
A: The index is published quarterly, so there may be a short delay in the most recent data.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Air Transportation (481) in the District of Columbia (DCAIRTRANQGSP), retrieved from FRED.