Real Gross Domestic Product: Transportation and Warehousing (48-49) in Maryland
MDTRANSWARERQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,299.30
Year-over-Year Change
-0.85%
Date Range
1/1/2005 - 1/1/2025
Summary
This trend measures the real gross domestic product (GDP) for the transportation and warehousing sector in the state of Maryland. It provides valuable insights into the economic performance and growth of this important industry within the state.
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: Transportation and Warehousing (48-49) in Maryland series tracks the inflation-adjusted economic output of the transportation and warehousing industry in Maryland. It is a key indicator of the sector's productivity and a barometer for the state's overall economic health.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using national income and product accounts (NIPA) methodology.
Historical Context
This trend is closely monitored by policymakers, businesses, and economists to assess the state's economic conditions and guide decision-making.
Key Facts
- Maryland's transportation and warehousing sector accounts for approximately 4% of the state's total GDP.
- This trend has shown steady growth over the past decade, reflecting the importance of logistics and distribution in the state's economy.
- The COVID-19 pandemic had a significant impact on this sector, leading to a sharp decline in 2020 before a gradual recovery in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) for the transportation and warehousing sector in the state of Maryland. It provides insights into the economic performance and growth of this important industry within the state.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of the transportation and warehousing sector's productivity and a barometer for Maryland's overall economic health. It is closely monitored by policymakers, businesses, and economists to assess the state's economic conditions and guide decision-making.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using national income and product accounts (NIPA) methodology.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, businesses, and economists to assess the state's economic conditions and guide decision-making related to the transportation and warehousing sector, which is a crucial component of Maryland's economy.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions and updates by the U.S. Bureau of Economic Analysis, which may result in slight delays in the availability of the most recent figures.
Related Trends
All Employees: State Government in Maryland
SMU24000009092000001A
Total Personal Income in Maryland
MDOTOT
Monthly State Retail Sales: Building Material and Garden Equipment and Supplies Dealers in Maryland
MSRSMD444
Chain-Type Quantity Index for Real GDP: Transportation and Utilities (22, 48-49) in Maryland
MDTRANSUTILQGSP
High-Propensity Business Applications: Total for All NAICS in Maryland
BAHBATOTALSAMD
Per Capita Personal Consumption Expenditures: Services: Recreation Services for Maryland
MDPCEPCSRECSRV
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Transportation and Warehousing (48-49) in Maryland (MDTRANSWARERQGSP), retrieved from FRED.