Real Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in Massachusetts
MAOTHTRANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,161.60
Year-over-Year Change
21.36%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the other transportation and support activities sector in Massachusetts. It provides insight into the productivity and growth of this critical industry in the state'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
The Real Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in Massachusetts metric tracks the inflation-adjusted economic output of businesses involved in transportation, warehousing, and related support services within the state. This data point is useful for analyzing regional economic trends and industry performance.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This economic indicator helps policymakers and analysts monitor the health and competitiveness of Massachusetts' transportation and logistics infrastructure.
Key Facts
- Massachusetts is a major hub for transportation and logistics
- This sector accounts for over 4% of the state's total economic output
- Growth in this industry can indicate increased trade and commercial activity
FAQs
Q: What does this economic trend measure?
A: This metric tracks the real (inflation-adjusted) gross domestic product of the other transportation and support activities sector in Massachusetts, including businesses in transportation, warehousing, and related services.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insight into the productivity and growth of a critical industry within the Massachusetts economy, which can inform economic policy and business strategy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to monitor the health and competitiveness of Massachusetts' transportation and logistics infrastructure, which is crucial for supporting commercial activity and trade.
Q: Are there update delays or limitations?
A: This data is released on a quarterly basis by the U.S. Bureau of Economic Analysis, with a typical lag of 1-2 months from the end of the reference period.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in Massachusetts (MAOTHTRANRGSP), retrieved from FRED.