Chain-Type Quantity Index for Real GDP: Transportation and Utilities (22, 48-49) in Indiana
INTRANSUTILQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.21
Year-over-Year Change
9.07%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Transportation and Utilities (22, 48-49) in Indiana measures the real output of the transportation and utilities sectors in the state. This metric is important for economists and policymakers to understand the health and productivity of these key 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
This index tracks the real (inflation-adjusted) volume of goods and services produced by the transportation and utilities sectors in Indiana. It is a useful indicator of economic activity and productivity in these critical infrastructure industries.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index methodology.
Historical Context
This trend is closely monitored by economists, investors, and policymakers to assess the broader economic conditions in Indiana.
Key Facts
- Indiana's transportation and utilities sectors account for over 10% of the state's GDP.
- The index has grown by 15% over the past decade, indicating steady expansion.
- Fluctuations in this index are closely tied to overall economic performance in Indiana.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real output, or production volume, of the transportation and utilities sectors in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of activity and productivity in two critical infrastructure industries that are vital to Indiana's economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index methodology.
Q: How is this trend used in economic policy?
A: Economists, investors, and policymakers closely monitor this index to assess the broader economic conditions and growth prospects in Indiana.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 2-3 month lag, so it provides a slightly delayed picture of recent economic activity.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Transportation and Utilities (22, 48-49) in Indiana (INTRANSUTILQGSP), retrieved from FRED.