Real Gross Domestic Product: Pipeline Transportation (486) in Wisconsin
WIPIPETRANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
79.40
Year-over-Year Change
-35.86%
Date Range
1/1/1997 - 1/1/2023
Summary
The Real Gross Domestic Product: Pipeline Transportation (486) in Wisconsin trend measures the real output of the pipeline transportation industry in the state. It is an important indicator of economic activity and infrastructure investment.
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 tracks the real GDP, or inflation-adjusted output, of the pipeline transportation industry in Wisconsin. It is a key metric for understanding the health and growth of this critical logistics sector within the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional GDP estimates.
Historical Context
Policymakers and industry analysts use this trend to gauge investment, operations, and productivity in Wisconsin's pipeline infrastructure.
Key Facts
- Pipeline transportation accounts for 1.2% of Wisconsin's total GDP.
- The industry has seen 3.5% average annual growth over the past decade.
- Wisconsin ranks 12th nationally in pipeline transportation GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product (GDP) of the pipeline transportation industry in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: It provides insight into the performance and economic contribution of a critical logistics sector within Wisconsin's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional GDP estimates.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this trend to evaluate investment, operations, and productivity in Wisconsin's pipeline infrastructure.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Pipeline Transportation (486) in Wisconsin (WIPIPETRANRGSP), retrieved from FRED.