Gross Domestic Product: Rail Transportation (482) in Indiana
INRAILTRANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,761.00
Year-over-Year Change
69.85%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Gross Domestic Product: Rail Transportation (482) in Indiana' measures the economic output of the rail transportation industry in the state of Indiana. This metric is important for understanding the performance and contribution of this sector to Indiana's overall 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
This series represents the gross domestic product (GDP) generated by the rail transportation industry, which includes establishments providing rail transportation of passengers and/or cargo using railroad rolling stock. It is a key indicator of the economic health and productivity of this industry within the state of Indiana.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their GDP by state and industry accounts.
Historical Context
Policymakers and economists use this trend to assess the role of the rail transportation sector in Indiana's broader economic landscape.
Key Facts
- Indiana's rail transportation GDP in 2021 was $1.9 billion.
- The rail transportation industry accounts for 1.2% of Indiana's total GDP.
- Indiana's rail transportation GDP has grown by 3.2% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) generated by the rail transportation industry in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the economic performance and contribution of the rail transportation sector within Indiana's overall economy.
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 GDP by state and industry accounts.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the role of the rail transportation industry in Indiana's broader economic landscape and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of approximately one year.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Rail Transportation (482) in Indiana (INRAILTRANNGSP), retrieved from FRED.