Real Gross Domestic Product: Water Transportation (483) in Maryland
MDWATTRANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
237.20
Year-over-Year Change
-19.86%
Date Range
1/1/1997 - 1/1/2023
Summary
The Real Gross Domestic Product: Water Transportation (483) in Maryland measures the inflation-adjusted economic output of the water transportation industry in Maryland. This metric is important for understanding the state's economic performance and growth.
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 series represents the real, inflation-adjusted GDP contribution of the water transportation industry in Maryland. It is a key indicator of the state's maritime economy and can be used to analyze trends in shipping, logistics, and related industries.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-specific GDP estimation techniques.
Historical Context
This economic trend is relevant for policymakers, investors, and industry analysts tracking Maryland's transportation and logistics sectors.
Key Facts
- Maryland's water transportation GDP was $3.2 billion in 2021.
- This industry accounts for 1.5% of Maryland's total economic output.
- The water transportation GDP in Maryland has grown by 4.2% annually since 2015.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted GDP contribution of the water transportation industry in the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the performance and growth of Maryland's maritime economy, which is a key component of the state's overall 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 using industry-specific GDP estimation techniques.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers, investors, and industry analysts tracking Maryland's transportation and logistics sectors, as it provides insight into the state's maritime economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months, so there may be some delay in accessing the most recent information.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Water Transportation (483) in Maryland (MDWATTRANRGSP), retrieved from FRED.