Chain-Type Quantity Index for Real GDP: Other Transportation and Support Activities (487-488, 492) in Massachusetts
MAOTHTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121.35
Year-over-Year Change
21.36%
Date Range
1/1/1997 - 1/1/2023
Summary
This index measures the quantity of real GDP generated by the Other Transportation and Support Activities sector in Massachusetts. It provides insight into the performance and economic contribution of this key industry within the state.
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 Chain-Type Quantity Index for Real GDP: Other Transportation and Support Activities (487-488, 492) in Massachusetts tracks the inflation-adjusted output of this sector, which includes transportation, warehousing, and support services. Economists and policymakers use this data to analyze economic growth and structural changes within the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on industry-level GDP estimates.
Historical Context
This index is useful for understanding trends in Massachusetts' transportation and logistics industries and their impact on the broader state economy.
Key Facts
- The index uses 2012 as the base year.
- Transportation and support activities account for over 4% of Massachusetts' GDP.
- The index has shown steady growth since the early 2000s.
FAQs
Q: What does this economic trend measure?
A: This index measures the quantity of real GDP generated by the Other Transportation and Support Activities sector in Massachusetts, including transportation, warehousing, and support services.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the performance and economic contribution of a key industry within the Massachusetts economy, which is useful for analyzing growth, structural changes, and policy impacts.
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-level GDP estimates.
Q: How is this trend used in economic policy?
A: This index is used by economists and policymakers to understand trends in Massachusetts' transportation and logistics industries and their impact on the broader state economy.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the Bureau of Economic Analysis, with a typical 2-month delay.
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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 Massachusetts (MAOTHTRANQGSP), retrieved from FRED.