Gross Domestic Product: Transportation and Warehousing (48-49) in Maryland
MDTRANSWARENQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,592.00
Year-over-Year Change
7.52%
Date Range
1/1/2005 - 1/1/2025
Summary
The Gross Domestic Product: Transportation and Warehousing (48-49) in Maryland measures the economic output of the transportation and warehousing sector in the state. It provides valuable insights into the health and performance of this crucial 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 economic trend represents the total value added to Maryland's GDP by businesses primarily engaged in transportation of passengers and cargo, as well as related warehousing and storage activities. It is a key indicator for analysts and policymakers tracking the state's economic development and infrastructure needs.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their state-level GDP estimates.
Historical Context
Transportation and warehousing trends are closely monitored for their impact on supply chains, consumer prices, and overall economic competitiveness.
Key Facts
- Maryland's transportation and warehousing sector accounts for over 4% of the state's GDP.
- This trend has seen steady growth in recent years, reflecting the importance of logistics and supply chains.
- The data is released quarterly by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product: Transportation and Warehousing (48-49) in Maryland measures the total economic output of businesses primarily engaged in transportation and warehousing activities within the state.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the health and performance of Maryland's critical transportation and logistics sectors, which are essential for the state's economic competitiveness and supply chain efficiency.
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 their state-level GDP estimates.
Q: How is this trend used in economic policy?
A: Transportation and warehousing trends are closely monitored by policymakers and analysts to assess infrastructure needs, supply chain resilience, and the overall competitiveness of a state's economy.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Economic Analysis, with typical delays of 2-3 months from the end of the reference period.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Transportation and Warehousing (48-49) in Maryland (MDTRANSWARENQGSP), retrieved from FRED.