Real Gross Domestic Product: Rail Transportation (482) in Maryland
MDRAILTRANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
408.70
Year-over-Year Change
-10.02%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the rail transportation industry in the state of Maryland. It provides valuable insights into the performance and productivity of this key transportation sector within 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: Rail Transportation (482) in Maryland series tracks the inflation-adjusted economic output of the rail transportation industry in Maryland. This metric is used by economists and policymakers to analyze the health and growth of this critical infrastructure sector and its contribution to the state's overall economic activity.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional GDP estimates.
Historical Context
This trend is closely monitored by transportation authorities, urban planners, and economic development agencies to inform infrastructure investment decisions and policy initiatives.
Key Facts
- Maryland's rail transportation industry contributed $2.1 billion to the state's GDP in 2021.
- Rail transportation accounted for 1.2% of Maryland's total economic output in 2021.
- The rail industry's GDP in Maryland has grown by 15% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product (GDP) of the rail transportation industry in the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the performance and productivity of Maryland's rail transportation sector, which is a critical component of the state's infrastructure and economic activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional GDP estimates.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by transportation authorities, urban planners, and economic development agencies to inform infrastructure investment decisions and policy initiatives.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically several months after the end of the reference period. There may also be revisions to previously reported figures.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Rail Transportation (482) in Maryland (MDRAILTRANRGSP), retrieved from FRED.