Real Gross Domestic Product: Warehousing and Storage (493) in South Carolina
SCWARESTORRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,145.60
Year-over-Year Change
134.18%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the warehousing and storage industry in South Carolina. It provides insights into the productivity and growth of this critical logistics sector within 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: Warehousing and Storage (493) in South Carolina indicator tracks the inflation-adjusted output of businesses engaged in operating warehousing and storage facilities. This metric is used by economists and policymakers to analyze regional economic trends and the performance of the logistics industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting practices.
Historical Context
This trend is relevant for understanding South Carolina's overall economic health and the competitiveness of its transportation and distribution infrastructure.
Key Facts
- South Carolina is a major logistics hub in the Southeast U.S.
- Warehousing and storage account for over 3% of the state's GDP.
- This industry employs more than 20,000 people in South Carolina.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product of the warehousing and storage industry in the state of South Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the productivity and growth of a critical logistics sector within South Carolina's economy, which is important for understanding regional economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting practices.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and economists analyzing South Carolina's overall economic health and the competitiveness of its transportation and distribution infrastructure.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and revision process of the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Warehousing and Storage (493) in South Carolina (SCWARESTORRGSP), retrieved from FRED.