Chain-Type Quantity Index for Real GDP: Other Transportation and Support Activities (487-488, 492) in Maryland
MDOTHTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.63
Year-over-Year Change
0.90%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Other Transportation and Support Activities (487-488, 492) in Maryland measures the inflation-adjusted output of the transportation and support services industry in the state.
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 provides a comprehensive measure of the real economic activity in the transportation and support services sector in Maryland. It is used by economists and policymakers to analyze trends in this critical industry and understand its contribution to the state's overall economic performance.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index methodology.
Historical Context
The index offers insight into the health and productivity of Maryland's transportation infrastructure and logistics networks, which are vital for commerce and economic development.
Key Facts
- The index uses 2012 as the base year.
- It covers transportation and support services such as air, rail, water, and truck transportation.
- Maryland's transportation and support services sector accounts for a significant portion of the state's GDP.
FAQs
Q: What does this economic trend measure?
A: This index measures the inflation-adjusted output of the transportation and support services industry in the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: The index provides valuable insights into the performance and productivity of a crucial sector of Maryland's economy, which is important for understanding the state's overall economic health and development.
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 methodology.
Q: How is this trend used in economic policy?
A: The index is used by economists and policymakers to analyze trends in Maryland's transportation and support services industry, and to understand its contribution to the state's overall economic performance, which is relevant for infrastructure investment and economic development decisions.
Q: Are there update delays or limitations?
A: The index is typically updated on a quarterly basis, with some delay compared to the reference period.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Other Transportation and Support Activities (487-488, 492) in Maryland (MDOTHTRANQGSP), retrieved from FRED.