Gross Domestic Product: Water Transportation (483) in Wisconsin
WIWATTRANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.70
Year-over-Year Change
97.14%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the water transportation industry in the state of Wisconsin. It provides insight into the productivity and economic output of this key transportation 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 Gross Domestic Product: Water Transportation (483) in Wisconsin metric tracks the total value of goods and services produced by businesses in the water transportation industry located in Wisconsin. This data series is used by economists and policymakers to analyze the health and contribution of this industry to the state's overall economic performance.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional GDP by industry statistics.
Historical Context
This metric is relevant for understanding Wisconsin's transportation infrastructure and logistics capabilities, as well as the state's broader economic trends.
Key Facts
- Wisconsin's water transportation GDP was $305 million in 2021.
- This industry accounts for 0.3% of Wisconsin's total GDP.
- Water transportation GDP in Wisconsin has grown by 7.5% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This metric measures the gross domestic product (GDP) of the water transportation industry in the state of Wisconsin. It quantifies the total economic output of businesses in this sector.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the productivity and economic importance of Wisconsin's water transportation industry, which is a key component of the state's logistics and distribution capabilities.
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 by industry statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the health and competitiveness of Wisconsin's transportation infrastructure, as well as the industry's contribution to the state's overall economic performance.
Q: Are there update delays or limitations?
A: The GDP by industry data is typically published with a 1-2 year lag, so this series may not reflect the most current economic conditions.
Related Trends
Real Gross Domestic Product: Real Estate (531) in Wisconsin
WIREALRGSP
Real Gross Domestic Product: Wood Product Manufacturing (321) in Wisconsin
WIWPMANRGSP
Employed Involuntary Part-Time for Wisconsin
INVOLPTEMPWI
Average Weekly Earnings of All Employees: Total Private in Wisconsin
SMU55000000500000011
Gross Domestic Product: Information (51) in Wisconsin
WIINFONQGSP
90% Confidence Interval Lower Bound of Estimate of Median Household Income for Wisconsin
MHICILBWI55000A052NCEN
Citation
U.S. Federal Reserve, Gross Domestic Product: Water Transportation (483) in Wisconsin (WIWATTRANNGSP), retrieved from FRED.