Cost of Insurance for Water Transportation, All Establishments, Employer Firms
This dataset tracks cost of insurance for water transportation, all establishments, employer firms over time.
Latest Value
620.00
Year-over-Year Change
34.78%
Date Range
1/1/2009 - 1/1/2022
Summary
This economic trend measures the cost of insurance for water transportation businesses in the United States. It is an important indicator for analyzing the financial health and competitiveness of the maritime industry.
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 Cost of Insurance for Water Transportation, All Establishments, Employer Firms trend tracks the average expenditures on insurance coverage for companies involved in water-based cargo and passenger transportation. This metric provides insights into the operating costs and risk profile of the maritime sector.
Methodology
The data is collected through surveys of U.S. businesses by the Census Bureau.
Historical Context
Policymakers and industry analysts use this trend to assess the financial viability and capital requirements of the water transportation industry.
Key Facts
- The data is reported quarterly.
- Insurance accounts for a significant portion of total operating expenses for water transportation companies.
- Trends in this metric can indicate the competitiveness and profitability of the maritime sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average cost of insurance coverage for businesses in the water transportation industry, including cargo and passenger carriers.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the financial health and operating costs of the maritime sector, which is crucial for assessing the industry's competitiveness and viability.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses by the Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this trend to understand the financial requirements and risk profile of the water transportation industry, which informs policy decisions and market assessments.
Q: Are there update delays or limitations?
A: The data is reported quarterly, so there may be a lag in the most recent information being available.
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Citation
U.S. Federal Reserve, Cost of Insurance for Water Transportation, All Establishments, Employer Firms (EXPCOIEF483ALLEST), retrieved from FRED.