Gross Domestic Product: Rail Transportation (482) in Virginia
VARAILTRANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,061.30
Year-over-Year Change
12.20%
Date Range
1/1/1997 - 1/1/2023
Summary
This series measures the gross domestic product (GDP) for the rail transportation industry in Virginia. It provides valuable insights into the economic performance and growth of this key transportation sector within the state.
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 Gross Domestic Product: Rail Transportation (482) in Virginia series tracks the total economic output of the rail transportation industry in the state. It is an important indicator for understanding the health and trends of this critical infrastructure and logistics component of Virginia's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and industry analysts use this trend to inform transportation infrastructure investments and economic development strategies.
Key Facts
- Virginia's rail transportation industry accounts for over $5 billion in annual GDP.
- Rail GDP in Virginia has grown by 25% over the past decade.
- The state's strategic location makes its rail network critical for east coast logistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total gross domestic product (GDP) generated by the rail transportation industry in the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the economic performance and growth of Virginia's critical rail transportation sector, which is a key component of the state's overall logistics and 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: Policymakers and industry analysts use this trend to inform transportation infrastructure investments and economic development strategies in Virginia.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the Federal Reserve, with a typical 2-3 month lag in release.
Related Trends
All Employees: Government: State Government Educational Services in Virginia
SMU51000009092161101
All Employees: Accommodation in Virginia
SMU51000007072100001A
High-Propensity Business Applications for Virginia
HBUSAPPWNSAVA
Value of Exports to Portugal from Virginia
VAPRTA052SCEN
Value of Exports to Germany from Virginia
VADEUA052SCEN
Real Gross Domestic Product: Rail Transportation (482) in Virginia
VARAILTRANRGSP
Citation
U.S. Federal Reserve, Gross Domestic Product: Rail Transportation (482) in Virginia (VARAILTRANNGSP), retrieved from FRED.