Gross Domestic Product: Transportation and Warehousing (48-49) in Utah
Annual, Not Seasonally Adjusted
UTTRANSWARENGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,542.40
Year-over-Year Change
115.70%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' series measures the annual total value of U.S. transportation and warehousing services output. This metric provides insight into the overall performance and size of this key economic sector.
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 'Annual, Not Seasonally Adjusted' series tracks the total nominal output of the U.S. transportation and warehousing industry on an annual basis. This data is used by economists and policymakers to analyze trends in logistics, infrastructure investment, and supply chain performance.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses in the transportation and warehousing sectors.
Historical Context
Analysts and policymakers monitor this metric to assess the health of the U.S. logistics industry and identify opportunities for infrastructure investment or policy interventions.
Key Facts
- The transportation and warehousing sector accounts for over 4% of U.S. GDP.
- Domestic freight transportation alone is a $700 billion industry in the U.S.
- The COVID-19 pandemic significantly disrupted transportation and warehousing in 2020.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' series tracks the total nominal output or value-added of the U.S. transportation and warehousing industry on an annual basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the overall performance and size of a critical sector for the U.S. economy, helping analysts and policymakers assess logistics infrastructure needs and supply chain resilience.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses in the transportation and warehousing sectors.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this metric to identify opportunities for infrastructure investment, regulatory changes, or other interventions to support the logistics industry.
Q: Are there update delays or limitations?
A: As an annual series, there is typically a 1-2 year lag in data availability. The series does not account for seasonal variations in transportation and warehousing activity.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (UTTRANSWARENGSP), retrieved from FRED.