Real Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in Oregon
OROTHTRANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,959.50
Year-over-Year Change
46.26%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures real gross domestic product (GDP) for the other transportation and support activities industry in Oregon. It provides insights into the productivity and performance of this key sector of 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 Real Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in Oregon series tracks the volume of economic output from industries related to transportation, warehousing, and support services in the state. This metric is used by economists and policymakers to analyze Oregon's economic structure and growth.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their comprehensive GDP by state estimates.
Historical Context
This industry-level GDP data informs decisions around infrastructure investment, economic development, and policy initiatives in Oregon.
Key Facts
- Oregon's other transportation and support activities industry accounted for over $4.5 billion in real GDP in 2021.
- This industry has seen steady growth, increasing by 15% in real terms over the past decade.
- Transportation and logistics are a key component of Oregon's diverse economy.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the real gross domestic product (GDP) for the other transportation and support activities industry in Oregon, which includes transportation, warehousing, and related services.
Q: Why is this trend relevant for users or analysts?
A: This industry-level GDP data provides important insights into the productivity and performance of a critical sector of Oregon's economy, informing decision-making around infrastructure, economic development, and policy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their comprehensive GDP by state estimates.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this industry-level GDP data to assess the health and growth of Oregon's transportation and logistics sectors, which are crucial to the state's overall economic performance.
Q: Are there update delays or limitations?
A: The data is published annually by the Bureau of Economic Analysis, with a delay of approximately one year.
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Citation
U.S. Bureau of Economic Analysis, Real Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in Oregon (OROTHTRANRGSP), retrieved from FRED.