Chain-Type Quantity Index for Real GDP: Other Transportation and Support Activities (487-488, 492) in Pennsylvania
PAOTHTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125.54
Year-over-Year Change
36.07%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Other Transportation and Support Activities (487-488, 492) in Pennsylvania measures the real output of this sector in the state's economy. This metric is important for understanding the performance and productivity trends in Pennsylvania's transportation-related industries.
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 output of transportation and support services in Pennsylvania, including air, rail, water, and pipeline transportation, as well as warehousing and storage activities. It is a valuable indicator of economic activity and efficiency in the state's logistics and infrastructure sectors.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index method.
Historical Context
This metric is used by policymakers, economists, and industry analysts to assess the health and competitiveness of Pennsylvania's transportation and logistics networks.
Key Facts
- The index uses 2012 as the base year.
- This sector accounts for over 3% of Pennsylvania's total real GDP.
- The index has shown steady growth since the Great Recession.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the transportation and support services sector in Pennsylvania, including air, rail, water, and pipeline transportation, as well as warehousing and storage activities.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of economic activity and productivity in Pennsylvania's logistics and infrastructure sectors, which are crucial for 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 a chain-type quantity index method.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts use this metric to assess the health and competitiveness of Pennsylvania's transportation and logistics networks, which informs infrastructure investment and economic development decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Economic Analysis, with a typical lag of 2-3 months from the end of the reference period.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Other Transportation and Support Activities (487-488, 492) in Pennsylvania (PAOTHTRANQGSP), retrieved from FRED.