Gross Domestic Product: Air Transportation (481) in Maine
MEAIRTRANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.40
Year-over-Year Change
61.82%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the air transportation industry in the state of Maine. It provides valuable insights into the performance and economic contribution of this key 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
The Gross Domestic Product: Air Transportation (481) in Maine series tracks the total output and economic activity of the air transportation industry within the state. This metric is used by policymakers, economists, and industry analysts to assess the health and significance of the air transportation sector in Maine's overall economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This trend is relevant for understanding the market dynamics and policy considerations related to the air transportation industry in Maine.
Key Facts
- Maine's air transportation GDP accounts for a small but significant portion of the state's overall economic output.
- The air transportation sector in Maine has seen fluctuations in recent years, reflecting changes in travel demand and industry conditions.
- Policymakers use this trend to inform infrastructure investments, regulatory decisions, and economic development strategies related to the air transportation industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the air transportation industry within the state of Maine, providing insights into the economic output and performance of this sector.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the role and significance of the air transportation industry in Maine's overall economy, which can inform policy decisions, industry analysis, and economic development strategies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts use this trend to inform infrastructure investments, regulatory decisions, and economic development strategies related to the air transportation sector in Maine.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions by the data source, the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Air Transportation (481) in Maine (MEAIRTRANNGSP), retrieved from FRED.