Chain-Type Quantity Index for Real GDP: Rail Transportation (482) in Massachusetts
MARAILTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
88.03
Year-over-Year Change
12.62%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Rail Transportation (482) in Massachusetts measures the real output of the rail transportation sector in the state. This metric is important for economists and policymakers to analyze productivity and economic trends in a key transportation industry.
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 the real, or inflation-adjusted, output of the rail transportation industry in Massachusetts. It provides a measure of the volume of economic activity in this sector, which is crucial for understanding broader transportation and logistics trends in the state.
Methodology
The data is calculated using price and quantity information collected by the U.S. Bureau of Economic Analysis.
Historical Context
Trends in this index are used by policymakers and market analysts to assess the health of the transportation and logistics industries in Massachusetts.
Key Facts
- The index is published quarterly by the U.S. Federal Reserve.
- Massachusetts is a major hub for rail transportation in the Northeast U.S.
- The rail industry accounts for over 10% of Massachusetts' total GDP.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the rail transportation industry in Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: Trends in this index provide important insights into the productivity and performance of a key transportation sector in the Massachusetts economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using price and quantity information.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this index to assess the health of the transportation and logistics industries in Massachusetts.
Q: Are there update delays or limitations?
A: The index is published quarterly with a lag, so there may be a delay in the most recent data.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Rail Transportation (482) in Massachusetts (MARAILTRANQGSP), retrieved from FRED.