Chain-Type Quantity Index for Real GDP: Air Transportation (481) in Maryland
MDAIRTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.04
Year-over-Year Change
47.06%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Air Transportation (481) in Maryland measures the real output of the air transportation industry in the state. This metric is crucial for economists and policymakers to understand regional economic activity and industry performance.
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 quantity of real, inflation-adjusted output of the air transportation industry in Maryland. It serves as an important indicator of economic growth and productivity in the state's aviation and transportation sectors.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using industry-level real GDP estimates.
Historical Context
This trend is used by economists, industry analysts, and policymakers to assess the health and performance of Maryland's air transportation industry and its broader economic implications.
Key Facts
- The index is based on 2012 as the reference year.
- Air transportation is a key industry in Maryland's economy.
- The index tracks changes in real, inflation-adjusted output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted output of the air transportation industry in the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the performance and growth of Maryland's air transportation industry, which is a crucial component of the state's economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using industry-level real GDP estimates.
Q: How is this trend used in economic policy?
A: This trend is used by economists, industry analysts, and policymakers to assess the health and performance of Maryland's air transportation industry and its broader economic implications.
Q: Are there update delays or limitations?
A: The data is subject to regular updates by the U.S. Bureau of Economic Analysis, with potential delays or limitations in reporting.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Air Transportation (481) in Maryland (MDAIRTRANQGSP), retrieved from FRED.