Chain-Type Quantity Index for Real GDP: Transportation and Warehousing (48-49) in the District of Columbia
DCTRANSWAREQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
74.37
Year-over-Year Change
-17.60%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Transportation and Warehousing (48-49) in the District of Columbia measures the volume of economic output in the transportation and warehousing sector. This metric is important for analyzing regional economic trends and productivity.
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 changes in the real, inflation-adjusted output of the transportation and warehousing industry in the District of Columbia. It is a valuable indicator of the sector's performance and can provide insights into broader economic conditions and growth within the region.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index approach.
Historical Context
Policymakers and analysts use this metric to assess the health and competitiveness of the District of Columbia's transportation and logistics industries.
Key Facts
- The index uses 2012 as the base year.
- Transportation and warehousing account for a significant portion of the District of Columbia's GDP.
- The index tracks changes in output volume, not just revenue or sales.
FAQs
Q: What does this economic trend measure?
A: This trend measures the volume of economic output in the transportation and warehousing sector of the District of Columbia, adjusting for inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the performance and competitiveness of the District of Columbia's logistics and transportation industries, which are important contributors to the regional 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 quantity index approach.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health and growth of the District of Columbia's transportation and logistics sectors, which can inform infrastructure investments, regulatory decisions, and economic development strategies.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the U.S. Bureau of Economic Analysis, and there may be a several-month delay before the latest figures are available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Transportation and Warehousing (48-49) in the District of Columbia (DCTRANSWAREQGSP), retrieved from FRED.