Gross Domestic Product: Transportation and Warehousing (48-49) in Massachusetts
MATRANSWARENQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,958.50
Year-over-Year Change
27.69%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the gross domestic product (GDP) of the transportation and warehousing industry in Massachusetts. It provides insight into the economic activity and productivity of this key sector.
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 transportation and warehousing industry (NAICS 48-49) encompasses a range of economic activities, including air, rail, water, and truck transportation, as well as warehousing and storage. This data series tracks the GDP contribution of this industry at the state level for Massachusetts.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on surveys and administrative records.
Historical Context
Policymakers and economists use this trend to assess the performance and competitiveness of Massachusetts' logistics and distribution infrastructure.
Key Facts
- Massachusetts' transportation and warehousing GDP was $25.6 billion in 2021.
- This industry accounts for 4.2% of Massachusetts' total economic output.
- The sector grew 4.5% in 2021 as the state's economy recovered from the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) generated by the transportation and warehousing industry in the state of Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the performance and competitiveness of a key sector that supports Massachusetts' broader economic activity and logistics infrastructure.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on surveys and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the health and growth of Massachusetts' transportation and distribution networks, which are critical for the state's economic competitiveness.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, with a typical 2-3 month delay.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Transportation and Warehousing (48-49) in Massachusetts (MATRANSWARENQGSP), retrieved from FRED.