Tonnage of Vessels Commerced for Great Britain and Ireland
Q0299BGBQ561NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
402.10
Year-over-Year Change
42.44%
Date Range
1/1/1888 - 4/1/1939
Summary
The Tonnage of Vessels Commerced for Great Britain and Ireland measures the total tonnage of ships carrying cargo between the United Kingdom and other nations. This metric provides insights into the volume of international trade and shipping activity.
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 economic trend tracks the total gross tonnage of commercial vessels engaged in maritime trade between Great Britain, Ireland, and other countries. The data is a key indicator of the scale and health of the UK's import and export shipping sectors.
Methodology
The data is collected by monitoring commercial vessel movements and registrations through official port and customs records.
Historical Context
Policymakers and analysts use this metric to assess trends in the UK's international trade and logistics sectors.
Key Facts
- The data dates back to 1855, providing over 150 years of historical context.
- Gross tonnage measures the total enclosed volume of a ship, not its deadweight capacity.
- The UK is one of the world's largest maritime trading nations by volume.
FAQs
Q: What does this economic trend measure?
A: The Tonnage of Vessels Commerced for Great Britain and Ireland tracks the total gross tonnage of commercial ships engaged in maritime trade between the UK and other countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the scale and health of the UK's import and export shipping sectors, which are crucial to its international trade activity.
Q: How is this data collected or calculated?
A: The data is collected by monitoring commercial vessel movements and registrations through official port and customs records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess trends in the UK's international trade and logistics sectors.
Q: Are there update delays or limitations?
A: The data dates back to 1855, providing over 150 years of historical context, though there may be some delays in the most recent updates.
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Citation
U.S. Federal Reserve, Tonnage of Vessels Commerced for Great Britain and Ireland (Q0299BGBQ561NNBR), retrieved from FRED.