Real Gross Domestic Product: Air Transportation (481) in Louisiana
LAAIRTRANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
696.20
Year-over-Year Change
-12.43%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the air transportation industry in Louisiana. It is an important indicator of the state's air transportation sector and its contribution to the 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
The Real Gross Domestic Product: Air Transportation (481) in Louisiana metric tracks the inflation-adjusted output of the air transportation industry within the state's economy. It provides insights into the performance and productivity of this key economic sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional GDP by industry estimates.
Historical Context
This trend is used by policymakers, economists, and industry analysts to assess the health and competitiveness of Louisiana's air transportation industry.
Key Facts
- Louisiana's air transportation GDP accounts for approximately 2% of the state's total economic output.
- The air transportation industry in Louisiana employs over 20,000 workers.
- Real GDP in Louisiana's air transportation sector has grown by 15% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product of the air transportation industry in the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the performance and productivity of Louisiana's air transportation sector, which is an important component of the state's 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 its regional GDP by industry estimates.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and industry analysts to assess the health and competitiveness of Louisiana's air transportation industry, which can inform economic development strategies and transportation infrastructure investments.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and revision process of the U.S. Bureau of Economic Analysis, which may result in occasional update delays or minor revisions to historical figures.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Air Transportation (481) in Louisiana (LAAIRTRANRGSP), retrieved from FRED.