Real Gross Domestic Product: Transportation and Utilities (22, 48-49) in Indiana
INTRANSUTILRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,783.20
Year-over-Year Change
9.07%
Date Range
1/1/1997 - 1/1/2024
Summary
This series measures the real gross domestic product (GDP) in the transportation and utilities sector for the state of Indiana. It provides valuable insights into the economic performance and productivity of this key 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 Real Gross Domestic Product: Transportation and Utilities (22, 48-49) in Indiana series tracks the inflation-adjusted output of the transportation and utilities industries within the state's economy. This metric is used by economists and policymakers to analyze the productivity and growth trends in these vital sectors.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Historical Context
This trend is widely referenced by state and local officials, as well as industry analysts, to assess the health and competitiveness of Indiana's transportation and utilities infrastructure.
Key Facts
- Indiana's transportation and utilities sector accounts for around 5% of the state's total GDP.
- This trend has shown steady growth over the past decade, reflecting investments in infrastructure and technological advancements.
- The utilities component, including electricity, natural gas, and water, makes up the largest share of this economic activity.
FAQs
Q: What does this economic trend measure?
A: This series measures the real (inflation-adjusted) gross domestic product generated by the transportation and utilities industries in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the productivity and growth of two critical sectors that support Indiana's overall economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Q: How is this trend used in economic policy?
A: State and local officials, as well as industry analysts, reference this trend to assess the health and competitiveness of Indiana's transportation and utilities infrastructure, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Transportation and Utilities (22, 48-49) in Indiana (INTRANSUTILRGSP), retrieved from FRED.