Chain-Type Quantity Index for Real GDP: Truck Transportation (484) in Wisconsin
WITRUCKTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
82.30
Year-over-Year Change
-2.63%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Truck Transportation (484) in Wisconsin measures the volume of economic activity in the truck transportation industry within the state. This metric is important for economists and policymakers to gauge the health and growth of a key logistics 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
This index tracks changes in the real, inflation-adjusted output of the truck transportation industry in Wisconsin. It serves as a proxy for the overall economic performance and productivity trends within this critical transportation and logistics subsector.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index formula.
Historical Context
Policymakers and analysts use this metric to assess the state of Wisconsin's economy and make informed decisions about infrastructure, regulations, and economic development strategies.
Key Facts
- The index is based on 2012 as the reference year.
- Truck transportation is a major industry in Wisconsin, accounting for over 4% of the state's GDP.
- The index has shown steady growth since the Great Recession, indicating a recovery in this sector.
FAQs
Q: What does this economic trend measure?
A: This metric measures the real, inflation-adjusted volume of economic activity in the truck transportation industry within the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and growth of a critical logistics sector in the Wisconsin economy, which is useful for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index formula.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the state of Wisconsin's economy and make informed decisions about infrastructure, regulations, and economic development strategies.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological updates of the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Truck Transportation (484) in Wisconsin (WITRUCKTRANQGSP), retrieved from FRED.