Real Gross Domestic Product: Rail Transportation (482) in Massachusetts
MARAILTRANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
500.80
Year-over-Year Change
12.62%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the rail transportation industry in Massachusetts. It provides insights into the performance and productivity of this critical sector of 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 Real Gross Domestic Product: Rail Transportation (482) in Massachusetts series tracks the inflation-adjusted output of the rail transportation industry in the state. It is an important indicator of economic activity, productivity, and the health of this transportation mode within Massachusetts.
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 utilize this trend to assess the competitiveness and growth potential of Massachusetts' rail transportation sector.
Key Facts
- Rail transportation is a major component of Massachusetts' logistics infrastructure.
- The state's rail GDP has grown by 12% over the past decade.
- Rail plays a crucial role in the movement of goods and people across Massachusetts.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product of the rail transportation industry in the state of Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and productivity of Massachusetts' rail transportation sector, which is a critical component of the state's logistics infrastructure and economy.
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 utilize this trend to assess the competitiveness and growth potential of Massachusetts' rail transportation sector, which informs infrastructure investment and economic development decisions.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, and may be subject to periodic revisions by the statistical agency.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Rail Transportation (482) in Massachusetts (MARAILTRANRGSP), retrieved from FRED.