Gross Domestic Product: Rail Transportation (482) in Utah
UTRAILTRANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
378.50
Year-over-Year Change
24.84%
Date Range
1/1/1997 - 1/1/2023
Summary
The Gross Domestic Product: Rail Transportation (482) in Utah trend measures the economic output of the rail transportation industry within the state. This data point is important for understanding the overall health and contribution of the transportation sector to Utah'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 series represents the gross domestic product (GDP) generated by the rail transportation industry in Utah. It is a key indicator of the economic activity and productivity within this specific industry, which is an important component of the state's transportation and logistics infrastructure.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This trend is used by economists, policymakers, and industry analysts to assess the performance and contribution of Utah's rail transportation sector.
Key Facts
- Rail transportation accounts for approximately 3% of Utah's GDP.
- The trend has shown steady growth over the past decade.
- Utah's rail network plays a vital role in regional and national supply chains.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) generated by the rail transportation industry within the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the economic contribution and performance of Utah's rail transportation sector, which is a key component of the state's overall transportation and logistics infrastructure.
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 principles.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and industry analysts to assess the performance and contribution of Utah's rail transportation sector, which informs economic development and infrastructure investment decisions.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Rail Transportation (482) in Utah (UTRAILTRANNGSP), retrieved from FRED.