Chain-Type Quantity Index for Real GDP: Other Transportation and Support Activities (487-488, 492) in Louisiana
LAOTHTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.92
Year-over-Year Change
0.70%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Other Transportation and Support Activities (487-488, 492) in Louisiana measures the inflation-adjusted volume of economic activity in Louisiana's transportation and support services sectors.
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 changes in the real, price-adjusted output of businesses engaged in transportation, warehousing, and related support services in Louisiana. It is a key indicator of the state's logistics and infrastructure sector.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted index methodology.
Historical Context
This metric is closely watched by economists and policymakers to assess the health of Louisiana's transportation and logistics industries.
Key Facts
- The index is calculated using chained 2012 dollars.
- Transportation and support services account for over 5% of Louisiana's GDP.
- The index has shown moderate year-over-year growth in recent periods.
FAQs
Q: What does this economic trend measure?
A: This index measures the inflation-adjusted volume of economic activity in Louisiana's transportation, warehousing, and related support services sectors.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of the health and performance of Louisiana's logistics and infrastructure industries, which are critical to the state'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-weighted index methodology.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this index to assess the state of Louisiana's transportation and logistics sectors, which have important implications for the broader economy.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, with a lag of several months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Other Transportation and Support Activities (487-488, 492) in Louisiana (LAOTHTRANQGSP), retrieved from FRED.