Chain-Type Quantity Index for Real GDP: Transportation and Utilities (22, 48-49) in the Great Lakes BEA Region
GLAKTRANSUTILQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.26
Year-over-Year Change
17.01%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Transportation and Utilities (22, 48-49) in the Great Lakes BEA Region tracks the inflation-adjusted output of the transportation and utilities sectors in the Great Lakes region of the United States. This metric is a key indicator of economic activity and productivity in these crucial industries.
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 is a measure of real (inflation-adjusted) GDP, which removes the effects of price changes to isolate changes in the volume of economic output. This index focuses specifically on the transportation and utilities sectors, which are critical components of the regional economy and infrastructure.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional GDP estimates.
Historical Context
Economists and policymakers use this index to assess the health and trends of the Great Lakes region's transportation and utilities sectors, which have significant impacts on the broader economy.
Key Facts
- The Great Lakes region accounts for 20% of U.S. GDP.
- Transportation and utilities make up over 10% of the region's economy.
- This index has shown steady growth since the 2008 recession.
FAQs
Q: What does this economic trend measure?
A: This trend measures the inflation-adjusted output or real GDP of the transportation and utilities sectors in the Great Lakes region of the United States.
Q: Why is this trend relevant for users or analysts?
A: The transportation and utilities sectors are critical components of the regional economy, so this index provides important insights into economic activity and productivity in the Great Lakes region.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional GDP estimates.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this index to assess the health and performance of the Great Lakes region's transportation and utilities sectors, which have significant impacts on the broader economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be delays in accessing the most recent information.
Related Trends
Gross Domestic Product: Computer and Electronic Product Manufacturing (334) in the Great Lakes BEA Region
GLAKCPUELCPMANNGSP
Real Gross Domestic Product: Furniture and Related Product Manufacturing (337) in the Great Lakes BEA Region
GLAKFURNMANRGSP
Real Gross Domestic Product: Petroleum and Coal Products Manufacturing (324) in the Great Lakes BEA Region
GLAKPETCOALMANRGSP
Real Gross Domestic Product: Apparel, Leather, and Allied Product Manufacturing (315-316) in the Great Lakes BEA Region
GLAKAPPLEATHMANRGSP
Gross Domestic Product: Transportation and Utilities (22, 48-49) in the Great Lakes BEA Region
GLAKTRANSUTILNGSP
Real Gross Domestic Product: Accommodation (721) in the Great Lakes BEA Region
GLAKACCOMDRGSP
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Transportation and Utilities (22, 48-49) in the Great Lakes BEA Region (GLAKTRANSUTILQGSP), retrieved from FRED.