Gross Domestic Product: Transportation and Warehousing (48-49) in Maine
METRANSWARENGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,911.90
Year-over-Year Change
61.21%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the Gross Domestic Product (GDP) contribution of the transportation and warehousing sector in Maine. It provides valuable insights into the state's economic activity and productivity in this critical 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
The Gross Domestic Product: Transportation and Warehousing (48-49) in Maine tracks the economic output and performance of the transportation and warehousing industry within the state. This data is used by economists, policymakers, and businesses to analyze the role of this sector in Maine's overall economic growth and development.
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 state's infrastructure needs, supply chain dynamics, and the broader economic landscape in Maine.
Key Facts
- Maine's transportation and warehousing sector accounted for $3.2 billion in GDP in 2020.
- This industry represents approximately 5% of Maine's total economic output.
- The transportation and warehousing sector has grown by 2.5% annually in Maine over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Gross Domestic Product (GDP) contribution of the transportation and warehousing industry in the state of Maine.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding the role of the transportation and logistics sector in Maine's overall economic performance and growth.
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: This trend is relevant for policymakers and businesses to analyze infrastructure needs, supply chain dynamics, and the broader economic landscape in Maine.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis by the Bureau of Economic Analysis, with a lag of several months.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Transportation and Warehousing (48-49) in Maine (METRANSWARENGSP), retrieved from FRED.