Chain-Type Quantity Index for Real GDP: Transportation and Warehousing (48-49) in Delaware
Annual, Not Seasonally Adjusted
DETRANSWAREQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
133.29
Year-over-Year Change
61.20%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' economic trend measures the nominal value of gross state product (GSP) for the U.S. transportation equipment manufacturing industry. This metric is a key indicator of overall economic activity and productivity in the transportation manufacturing 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 transportation equipment manufacturing industry includes the production of motor vehicles, aerospace products, and other transportation-related goods. The 'Annual, Not Seasonally Adjusted' GSP trend provides a comprehensive measure of the total economic output for this important industrial sector.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This economic indicator is widely tracked by policymakers, analysts, and businesses to assess the health and competitiveness of the U.S. transportation manufacturing industry.
Key Facts
- Transportation equipment manufacturing accounts for over 5% of total U.S. GDP.
- The industry employs more than 2 million workers nationwide.
- Annual GSP growth in this sector has averaged 3% over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the total nominal gross state product (GSP) for the U.S. transportation equipment manufacturing industry.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a comprehensive overview of economic activity and productivity in a key U.S. industrial sector, offering important insights for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this indicator to assess the health and competitiveness of the U.S. transportation manufacturing industry, which has significant implications for overall economic growth and employment.
Q: Are there update delays or limitations?
A: The annual, non-seasonally adjusted data is typically released with a lag of several months, and may be subject to periodic revisions by the statistical agency.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (DETRANSWAREQGSP), retrieved from FRED.