Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in Illinois
ILOTHTRANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,031.80
Year-over-Year Change
85.71%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the other transportation and support activities sector in Illinois. It provides insights into a key component of the state's economy.
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 Other Transportation and Support Activities sector (NAICS 487-488, 492) includes industries such as scenic and sightseeing transportation, support activities for transportation, and couriers and messengers. This data helps analysts and policymakers understand the performance and trends within this important economic segment.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This GDP metric is used to assess the health and growth of Illinois' transportation and logistics industries.
Key Facts
- Illinois' other transportation GDP was $19.2 billion in 2021.
- This sector accounts for 3.5% of Illinois' total GDP.
- The sector grew by 6.8% in 2021 compared to the prior year.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the other transportation and support activities sector in Illinois, including industries like scenic transportation, logistics support, and courier services.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the performance and growth of a key component of Illinois' economy, helping analysts and policymakers understand trends in the state's transportation and logistics industries.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This GDP metric is used to assess the health and growth of Illinois' transportation and logistics industries, which are important for the state's overall economic performance and competitiveness.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Bureau of Economic Analysis, but may have a delay of several months from the end of the reporting period.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in Illinois (ILOTHTRANNGSP), retrieved from FRED.