Chain-Type Quantity Index for Real GDP: Transit and Ground Passenger Transportation (485) in the District of Columbia
DCTRANGRNDTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
123.25
Year-over-Year Change
65.16%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Transit and Ground Passenger Transportation (485) in the District of Columbia measures the inflation-adjusted output of the transit and ground passenger transportation industry in the District. This trend is an important indicator of economic activity and productivity in the transportation 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 Chain-Type Quantity Index tracks the real volume of goods and services produced by the transit and ground passenger transportation industry in the District of Columbia. It is a useful metric for analyzing the performance and contribution of this sector to the overall economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using the chained-dollar approach.
Historical Context
This trend is closely watched by policymakers, transportation analysts, and investors to assess the health and growth of the District's transit industry.
Key Facts
- The index is based on 2012 as the reference year.
- The transit and ground passenger transportation industry accounts for over 1% of DC's total GDP.
- The index has shown steady growth since the early 2000s.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Transit and Ground Passenger Transportation (485) in the District of Columbia measures the inflation-adjusted output of the transit and ground passenger transportation industry in the District.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of economic activity and productivity in the transportation sector, which is a critical component of the District's overall economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using the chained-dollar approach.
Q: How is this trend used in economic policy?
A: This trend is closely watched by policymakers, transportation analysts, and investors to assess the health and growth of the District's transit industry, which informs policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical release lag of 2-3 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Transit and Ground Passenger Transportation (485) in the District of Columbia (DCTRANGRNDTRANQGSP), retrieved from FRED.