Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in Louisiana
LAOTHTRANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,796.80
Year-over-Year Change
57.98%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the other transportation and support activities industry in Louisiana, which includes establishments engaged in transportation, warehousing, and related activities.
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 other transportation and support activities industry is a key component of Louisiana's economy, as it plays a vital role in the movement of goods and people throughout the state. This data is used by economists and policymakers to assess the overall health and competitiveness of Louisiana's transportation and logistics sectors.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) using industry-level GDP estimates.
Historical Context
Trends in this industry can provide insights into the broader performance of Louisiana's economy and influence decisions related to infrastructure investment and transportation policy.
Key Facts
- Louisiana's other transportation and support activities industry accounts for approximately 2.5% of the state's total GDP.
- This industry has grown by an average of 3.2% annually over the past 5 years.
- The sector employs over 40,000 people in Louisiana.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the other transportation and support activities industry in Louisiana, which includes establishments engaged in transportation, warehousing, and related activities.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding the performance and competitiveness of Louisiana's transportation and logistics sectors, which are key components 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 (BEA) using industry-level GDP estimates.
Q: How is this trend used in economic policy?
A: Trends in this industry can provide insights into the broader performance of Louisiana's economy and influence decisions related to infrastructure investment and transportation policy.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis, with a lag of several months from the end of the reference period.
Related Trends
All Employees: Financial Activities in Louisiana
SMU22000005500000001A
Value of Exports to Italy from Louisiana
LAITAA052SCEN
Real Gross Domestic Product: Mining, Quarrying, and Oil and Gas Extraction (21) in Louisiana
LAMINRQGSP
Gross Domestic Product: Other Transportation Equipment Manufacturing (3364-3466, 3369) in Louisiana
LAOTRANEQMANNGSP
Gross Domestic Product: Professional and Business Services (54, 55, 56) in Louisiana
LAPROBUSNGSP
Real Gross Domestic Product: Food Services and Drinking Places (722) in Louisiana
LAFOODDPRGSP
Citation
U.S. Federal Reserve, Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in Louisiana (LAOTHTRANNGSP), retrieved from FRED.