Chain-Type Quantity Index for Real GDP: Transportation and Warehousing (48-49) in Montana
Annual, Not Seasonally Adjusted
MTTRANSWAREQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.87
Year-over-Year Change
12.07%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' trend measures the total real gross state product (GSP) originating in the transportation and warehousing sector. This metric provides insight into the economic performance and growth of the transportation and logistics industries.
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 transportation and warehousing sector includes industries such as air, rail, water, and truck transportation, as well as warehousing and storage. This trend is a key indicator of economic activity and productivity within this critical infrastructure sector.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using industry-level GSP figures.
Historical Context
Analysts and policymakers use this trend to assess the health and competitiveness of the U.S. transportation system and its role in the broader economy.
Key Facts
- The transportation and warehousing sector accounts for over 4% of total U.S. gross domestic product.
- Real GSP in this sector grew by 3.2% in 2021 compared to the prior year.
- The COVID-19 pandemic significantly impacted transportation and warehousing, with a 5.5% decline in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total real gross state product (GSP) originating in the transportation and warehousing sector of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the economic performance and growth of the transportation and logistics industries, which are critical to the broader U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using industry-level GSP figures.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this trend to assess the health and competitiveness of the U.S. transportation system and its role in the broader economy.
Q: Are there update delays or limitations?
A: There may be lags in data availability, as the GSP figures are typically released with a delay by the Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (MTTRANSWAREQGSP), retrieved from FRED.