Gross Domestic Product: Pipeline Transportation (486) in Wisconsin
WIPIPETRANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.10
Year-over-Year Change
5.06%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) for the pipeline transportation industry in the state of Wisconsin. It provides important insights into the performance and significance of this key infrastructure 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 GDP for pipeline transportation in Wisconsin represents the total economic output or value-added by businesses primarily engaged in the pipeline transportation of crude oil, refined petroleum products, and natural gas. This metric is widely used by economists and policymakers to analyze the strength and growth of Wisconsin's energy and logistics sectors.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using standard GDP accounting methods.
Historical Context
This economic indicator helps inform policy decisions and private investment related to energy infrastructure, transportation, and economic development in Wisconsin.
Key Facts
- Wisconsin's pipeline transportation GDP was $1.2 billion in 2021.
- The sector accounts for 0.5% of Wisconsin's total GDP.
- Pipeline GDP has grown by 23% in Wisconsin over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) for the pipeline transportation industry in the state of Wisconsin, representing the total economic output of businesses engaged in pipeline transportation of energy products.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the performance and significance of Wisconsin's energy infrastructure and logistics sectors, informing policy decisions and private investment related to the state's economic development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using standard GDP accounting methods.
Q: How is this trend used in economic policy?
A: This economic indicator helps inform policy decisions and private investment related to energy infrastructure, transportation, and economic development in Wisconsin.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the U.S. Bureau of Economic Analysis, with some potential for minor delays in availability.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Pipeline Transportation (486) in Wisconsin (WIPIPETRANNGSP), retrieved from FRED.