Real Gross Domestic Product: Warehousing and Storage (493) in Indiana
INWARESTORRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,749.90
Year-over-Year Change
128.93%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic indicator measures real gross domestic product (GDP) for the warehousing and storage industry in Indiana. It provides insights into the performance and productivity of this key logistics sector within 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
Real GDP for the warehousing and storage industry represents the total value of goods and services produced, adjusted for inflation. This metric is used by economists and policymakers to analyze trends in industrial output, supply chain efficiency, and regional economic conditions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on industry surveys and economic modeling.
Historical Context
Trends in warehousing and storage GDP can inform decisions around infrastructure investment, workforce development, and supporting Indiana's logistics industry.
Key Facts
- Indiana's warehousing and storage GDP accounts for 2.3% of the state's total economic output.
- Real GDP in this sector grew by 4.1% in 2021 after a 0.8% decline in 2020.
- Warehousing and storage is the 6th largest industry in Indiana by GDP contribution.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the real gross domestic product (GDP) for the warehousing and storage industry in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: Trends in warehousing and storage GDP provide insights into the performance and productivity of this key logistics sector, which is important for understanding regional economic conditions and supporting infrastructure planning.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on industry surveys and economic modeling.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to inform decisions around infrastructure investment, workforce development, and supporting Indiana's logistics industry.
Q: Are there update delays or limitations?
A: This data is published quarterly with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Warehousing and Storage (493) in Indiana (INWARESTORRGSP), retrieved from FRED.