Chain-Type Quantity Index for Real GDP: Truck Transportation (484) in Maine
METRUCKTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
85.69
Year-over-Year Change
-5.64%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Truck Transportation (484) in Maine measures the real output of the truck transportation industry in the state. This indicator provides valuable insights into the economic performance and trends within Maine's transportation 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 Chain-Type Quantity Index tracks the real, inflation-adjusted output of the truck transportation industry in Maine. It is a key economic indicator used by analysts and policymakers to assess the health and growth of this important component of the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-level GDP figures.
Historical Context
This index is closely monitored by economists and transportation policy experts to understand the dynamics of Maine's logistics and supply chain industries.
Key Facts
- Maine's truck transportation industry accounts for over 5% of the state's real GDP.
- The index has grown by an average of 2.3% annually over the past decade.
- Truck transportation is a major employer in Maine, with over 15,000 workers in the sector.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Truck Transportation (484) in Maine measures the real, inflation-adjusted output of the truck transportation industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insights into the performance and growth of Maine's crucial transportation and logistics sector, which is a key driver of the state's economy.
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-level GDP figures.
Q: How is this trend used in economic policy?
A: Economists and transportation policy experts closely monitor this index to understand the dynamics of Maine's logistics and supply chain industries, which informs economic and infrastructure planning decisions.
Q: Are there update delays or limitations?
A: The index data is published quarterly with a short delay, providing timely information on the state's truck transportation sector.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Truck Transportation (484) in Maine (METRUCKTRANQGSP), retrieved from FRED.