Chain-Type Quantity Index for Real GDP: Warehousing and Storage (493) in Maryland
MDWARESTORQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.42
Year-over-Year Change
53.04%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Warehousing and Storage (493) in Maryland measures the real output of the warehousing and storage industry in the state. This metric is important for understanding economic activity and productivity in the logistics 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
This index tracks the quantity of goods moved and stored by warehousing and storage companies in Maryland, adjusted for price changes. It provides insight into the state's logistics infrastructure and the role it plays in supporting broader economic growth.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry surveys and economic modeling.
Historical Context
This trend is used by policymakers, market analysts, and business leaders to assess the health and competitiveness of Maryland's logistics industry.
Key Facts
- The index has a base year of 2012.
- Warehousing and storage is a key industry in Maryland's economy.
- The index helps track the state's transportation and distribution capabilities.
FAQs
Q: What does this economic trend measure?
A: This index measures the real output or quantity of goods moved and stored by the warehousing and storage industry in the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: The warehousing and storage industry is a critical component of Maryland's logistics infrastructure, so this metric provides important insights into the state's economic competitiveness and productivity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry surveys and economic modeling.
Q: How is this trend used in economic policy?
A: Policymakers, market analysts, and business leaders use this index to assess the health and competitiveness of Maryland's logistics industry, which informs economic development strategies and infrastructure investment decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, with a typical delay of 3 months from the end of the reference period.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Warehousing and Storage (493) in Maryland (MDWARESTORQGSP), retrieved from FRED.