Chain-Type Quantity Index for Real GDP: Rail Transportation (482) in North Carolina
NCRAILTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
88.33
Year-over-Year Change
-15.69%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Rail Transportation (482) in North Carolina measures the output volume of the rail transportation industry in the state. This trend is important for analyzing 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 provides a standardized measure of the real, inflation-adjusted output of the rail transportation industry in North Carolina. It is used by economists and policymakers to track the contribution of this sector to the state's overall economic activity.
Methodology
The data is calculated based on Bureau of Economic Analysis methods for producing real GDP by industry.
Historical Context
The rail transportation index informs infrastructure investment decisions and economic planning at the state and regional level.
Key Facts
- North Carolina's rail sector accounts for over $2 billion in annual economic output.
- Rail transportation is a critical link in the state's supply chain and logistics networks.
- The industry employs more than 10,000 workers in North Carolina.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted output volume of the rail transportation industry in the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: The rail transportation index is an important indicator of infrastructure productivity and overall economic activity in North Carolina.
Q: How is this data collected or calculated?
A: The data is calculated based on Bureau of Economic Analysis methods for producing real GDP by industry.
Q: How is this trend used in economic policy?
A: The rail transportation index informs infrastructure investment decisions and economic planning at the state and regional level.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedule and potential revisions as the broader real GDP by industry statistics.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Rail Transportation (482) in North Carolina (NCRAILTRANQGSP), retrieved from FRED.