Chain-Type Quantity Index for Real GDP: Truck Transportation (484) in the District of Columbia
DCTRUCKTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.47
Year-over-Year Change
-58.37%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Truck Transportation (484) in the District of Columbia measures the volume of economic activity in the truck transportation industry within the District. This provides insights into the broader trends in the regional economy and transportation infrastructure.
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 changes in the real, inflation-adjusted output of the truck transportation industry over time. It is used by economists and policymakers to analyze productivity, growth, and the health of the transportation sector within the District of Columbia.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using surveys and economic modeling.
Historical Context
This index helps inform infrastructure investment decisions and economic development policies at the local and regional level.
Key Facts
- The index has a base year of 2012.
- Truck transportation accounts for a significant portion of the District's GDP.
- The index can signal shifts in supply chains and consumer demand.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Truck Transportation (484) in the District of Columbia measures the volume of economic activity in the truck transportation industry within the District.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into the productivity, growth, and health of the transportation sector, which is crucial for understanding the broader economic trends and development within the District of Columbia.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using surveys and economic modeling.
Q: How is this trend used in economic policy?
A: This index helps inform infrastructure investment decisions and economic development policies at the local and regional level in the District of Columbia.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Bureau of Economic Analysis, but there may be some delay in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Truck Transportation (484) in the District of Columbia (DCTRUCKTRANQGSP), retrieved from FRED.