Chain-Type Quantity Index for Real GDP: Pipeline Transportation (486) in North Carolina
NCPIPETRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
73.20
Year-over-Year Change
-3.92%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Pipeline Transportation (486) in North Carolina measures the real output of the pipeline transportation industry in the state. This metric is crucial for economists and policymakers to understand the health and productivity of a key infrastructure 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
This index tracks the real, inflation-adjusted volume of goods transported through North Carolina's pipeline network, which is essential for energy distribution and supply chain logistics. It provides insights into the state's economic activity and industrial output over time.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index formula.
Historical Context
Policymakers and industry analysts use this metric to gauge the performance and investment needs of North Carolina's pipeline infrastructure.
Key Facts
- The index uses 2012 as the base year.
- Pipeline transportation is a major industry in North Carolina.
- This metric helps track the state's energy and logistics sectors.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the pipeline transportation industry in North Carolina. It tracks the volume of goods transported through the state's pipeline network.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insights into the performance and productivity of North Carolina's pipeline infrastructure, which is essential for energy distribution and supply chain logistics across the state.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index formula.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this metric to gauge the investment needs and overall performance of North Carolina's pipeline network, which is a critical component of the state's energy and logistics infrastructure.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, with a typical release lag of 2-3 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Pipeline Transportation (486) in North Carolina (NCPIPETRANQGSP), retrieved from FRED.