Gross Domestic Product: Transportation and Warehousing (48-49) in Pennsylvania
Quarterly, Seasonally Adjusted Annual Rate
PATRANSWARENQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40,300.60
Year-over-Year Change
11.93%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate measures the real gross state product (GSP) of the transportation and warehousing sector in the United States. This data provides insight into the economic performance and growth of this key industry.
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 Quarterly, Seasonally Adjusted Annual Rate represents the real output of the transportation and warehousing sector, adjusted for seasonal variations. It is a valuable economic indicator used by policymakers and analysts to assess the health and trends within this vital component of the U.S. economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of sources and statistical methods.
Historical Context
This economic trend is closely monitored by government agencies, economists, and industry stakeholders to inform policy decisions and business strategies.
Key Facts
- The transportation and warehousing sector accounts for nearly 4% of U.S. GDP.
- Quarterly, Seasonally Adjusted Annual Rate data is released by the BEA on a quarterly basis.
- This trend provides a timely indicator of economic activity in the transportation and logistics industry.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate measures the real gross state product (GSP) of the transportation and warehousing sector in the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insight into the economic performance and growth of the transportation and warehousing industry, which is a key component of the U.S. economy.
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 variety of sources and statistical methods.
Q: How is this trend used in economic policy?
A: This economic trend is closely monitored by government agencies, economists, and industry stakeholders to inform policy decisions and business strategies.
Q: Are there update delays or limitations?
A: The Quarterly, Seasonally Adjusted Annual Rate data is released by the BEA on a quarterly basis, providing timely information about this sector.
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Citation
U.S. Bureau of Economic Analysis, Quarterly, Seasonally Adjusted Annual Rate (PATRANSWARENQGSP), retrieved from FRED.