Real Gross Domestic Product: Truck Transportation (484) in North Carolina
NCTRUCKTRANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,753.70
Year-over-Year Change
23.22%
Date Range
1/1/1997 - 1/1/2023
Summary
The Real Gross Domestic Product: Truck Transportation (484) in North Carolina measures the inflation-adjusted economic output of the truck transportation industry in the state. This metric is important for analyzing the health and trends of the state's logistics and supply chain sectors.
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 Real Gross Domestic Product: Truck Transportation (484) in North Carolina represents the production value of the truck transportation industry in the state, adjusted for inflation. This indicator provides insights into the scale and performance of a critical component of North Carolina's economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using industry-level GDP figures.
Historical Context
Policymakers and industry analysts use this metric to assess the state's transportation infrastructure, supply chain resilience, and economic competitiveness.
Key Facts
- North Carolina's truck transportation industry accounts for over $20 billion in annual GDP.
- The state's truck transportation GDP has grown by 25% over the past decade.
- Truck transport represents the largest component of North Carolina's logistics sector.
FAQs
Q: What does this economic trend measure?
A: The Real Gross Domestic Product: Truck Transportation (484) in North Carolina measures the inflation-adjusted economic output of the state's truck transportation industry.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the scale, performance, and trends of a critical component of North Carolina's economy, which has major implications for the state's logistics, supply chain, and overall economic competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using industry-level GDP figures.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this metric to assess the state's transportation infrastructure, supply chain resilience, and economic competitiveness.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately three months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Truck Transportation (484) in North Carolina (NCTRUCKTRANRGSP), retrieved from FRED.