Chain-Type Quantity Index for Real GDP: Transportation and Warehousing (48-49) in Pennsylvania
PATRANSWAREQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.96
Year-over-Year Change
1.06%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Transportation and Warehousing (48-49) in Pennsylvania measures the real economic output of the transportation and warehousing sector in the state. This metric is crucial for understanding the health and growth of a key component of Pennsylvania'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
This index tracks the chain-weighted, inflation-adjusted real output of the transportation and warehousing industry in Pennsylvania. It is a useful indicator of activity and productivity in a critical logistics sector that supports broader economic activity within the state.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on economic surveys and other government sources.
Historical Context
This index helps policymakers and analysts assess trends in a major Pennsylvania industry that is closely tied to trade, manufacturing, and broader economic performance.
Key Facts
- Pennsylvania's transportation and warehousing sector accounts for over 5% of the state's GDP.
- The index has shown steady growth over the past decade, with a few dips during recessions.
- Transportation and logistics are critical to Pennsylvania's manufacturing, agriculture, and energy industries.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the transportation and warehousing industry in Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the performance and productivity of a key sector that supports broader economic activity in Pennsylvania.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on economic surveys and other government sources.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess trends in Pennsylvania's critical logistics industry and its impact on the state's overall economic performance.
Q: Are there update delays or limitations?
A: The index is updated quarterly, with a slight delay, and may be subject to revisions as more data becomes available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Transportation and Warehousing (48-49) in Pennsylvania (PATRANSWAREQQGSP), retrieved from FRED.