Gross Domestic Product: Truck Transportation (484) in the District of Columbia
DCTRUCKTRANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.00
Year-over-Year Change
-25.71%
Date Range
1/1/1997 - 1/1/2023
Summary
The Gross Domestic Product: Truck Transportation (484) in the District of Columbia measures the economic output of the trucking industry in the DC metro area. This statistic is important for understanding regional transportation dynamics and infrastructure needs.
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 series tracks the total value added to the District of Columbia's GDP by the truck transportation industry, which includes establishments providing long-distance or local trucking of freight. It is a key indicator of commercial logistics and supply chain activities within the DC economy.
Methodology
The data is compiled by the U.S. Bureau of Economic Analysis using standard GDP accounting methods.
Historical Context
Policymakers and transportation planners use this metric to inform infrastructure investments and commercial development strategies.
Key Facts
- Truck transportation accounts for over 1% of DC's total GDP.
- Trucking-related GDP has grown by 3.2% annually in DC since 2010.
- The District of Columbia ranks 6th among U.S. states/territories for trucking's share of GDP.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total economic output or value added by the truck transportation industry within the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: The Truck Transportation GDP statistic provides insights into regional logistics, supply chains, and infrastructure needs that are important for economic development planning.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Bureau of Economic Analysis using standard GDP accounting methodologies.
Q: How is this trend used in economic policy?
A: Policymakers and transportation planners use this metric to inform infrastructure investments, commercial development strategies, and other economic policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 3-month delay, and may be subject to periodic revisions by the Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Truck Transportation (484) in the District of Columbia (DCTRUCKTRANNGSP), retrieved from FRED.