Real Gross Domestic Product: Truck Transportation (484) in the District of Columbia
DCTRUCKTRANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.50
Year-over-Year Change
-58.54%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) for the truck transportation (NAICS 484) industry in the District of Columbia. It provides insights into the economic performance and productivity of the local 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 Real Gross Domestic Product: Truck Transportation (484) in the District of Columbia tracks the inflation-adjusted output of the trucking industry in the nation's capital. This measure is used by economists and policymakers to analyze the health and competitiveness of the District's transportation infrastructure and logistics.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using surveys and administrative records.
Historical Context
This trend is relevant for understanding regional economic conditions and the viability of transportation-related businesses and investments.
Key Facts
- The trucking industry is a key component of the District of Columbia's economy.
- Real GDP for truck transportation has fluctuated since 2007.
- Analyzing this trend can inform infrastructure investment and policy decisions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product for the truck transportation industry (NAICS 484) in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the performance and productivity of the transportation sector in the nation's capital, which is important for understanding regional economic conditions and informing infrastructure and policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using surveys and administrative records.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze the health and competitiveness of the District of Columbia's transportation infrastructure and logistics, which can inform investment and regulatory decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly, with some delay in availability. Users should consult the source for the most up-to-date information and any known limitations.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Truck Transportation (484) in the District of Columbia (DCTRUCKTRANRGSP), retrieved from FRED.