Chain-Type Quantity Index for Real GDP: Transportation and Utilities (22, 48-49) in Louisiana
LATRANSUTILQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.42
Year-over-Year Change
-9.74%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Transportation and Utilities (22, 48-49) in Louisiana measures the real, inflation-adjusted output of the transportation and utilities sectors in Louisiana'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
This index provides a comprehensive measure of the real economic activity and productivity in Louisiana's transportation and utilities industries, which are crucial components of the state's economic infrastructure and growth.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on industry-level GDP figures.
Historical Context
This index is used by economists and policymakers to analyze Louisiana's economic performance and inform decision-making.
Key Facts
- Louisiana's transportation and utilities sectors account for over 20% of the state's GDP.
- The index has shown steady growth in recent years, indicating a robust performance in these industries.
- Policymakers use this index to assess the impact of infrastructure investments and industry regulations.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of Louisiana's transportation and utilities sectors, which are critical components of the state's economic infrastructure.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insights into the performance and productivity of Louisiana's transportation and utilities industries, which are essential for the state's economic growth and development.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on industry-level GDP figures.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to assess the impact of infrastructure investments, industry regulations, and other policy decisions on Louisiana's transportation and utilities sectors.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis, with some potential for minor delays in reporting.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Transportation and Utilities (22, 48-49) in Louisiana (LATRANSUTILQGSP), retrieved from FRED.