Gross Domestic Product: Transportation and Warehousing (48-49) in North Carolina
NCTRANSWARENQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22,207.90
Year-over-Year Change
10.33%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the gross domestic product (GDP) generated by the transportation and warehousing sector in North Carolina. It provides insights into the productivity and growth of this crucial industry within the state's economy.
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 North Carolina series tracks the total value of goods and services produced by businesses in the transportation and warehousing industry in the state. This data is used by economists and policymakers to analyze the economic performance and competitiveness of North Carolina's logistics and distribution sectors.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Trends in this series are monitored by state and local governments, as well as businesses, to inform economic development strategies and infrastructure investments.
Key Facts
- North Carolina's transportation and warehousing sector accounts for over 5% of the state's total GDP.
- This industry has seen steady growth in recent years, outpacing the national average.
- The data is released quarterly by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) generated by the transportation and warehousing sector in the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the productivity and competitiveness of North Carolina's logistics and distribution industries, which are crucial to the state's overall economic performance.
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: Trends in this series are monitored by state and local governments, as well as businesses, to inform economic development strategies and infrastructure investments.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Economic Analysis, with a typical delay of several weeks after the end of each quarter.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Transportation and Warehousing (48-49) in North Carolina (NCTRANSWARENQGSP), retrieved from FRED.