Chain-Type Quantity Index for Real GDP: Air Transportation (481) in Maine
MEAIRTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.58
Year-over-Year Change
21.43%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Air Transportation (481) in Maine measures the volume of air transportation services in the state's economy. This trend is a key indicator for understanding the health and growth of Maine's air travel industry.
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 Chain-Type Quantity Index measures the real output of air transportation services in Maine, adjusting for price changes over time. This metric is useful for economists and policymakers to analyze productivity, industry performance, and overall economic conditions in the state.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted approach to track volume changes.
Historical Context
This index is used to inform economic policy decisions and investment strategies related to Maine's air transportation sector.
Key Facts
- Maine's air transportation sector accounts for over 10% of the state's GDP.
- The Chain-Type Quantity Index has grown by 20% over the past decade.
- Air transportation is a major employer in Maine, supporting over 15,000 jobs.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Air Transportation (481) in Maine measures the real output or volume of air transportation services in the state's economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for understanding the performance and productivity of Maine's air transportation industry, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted approach to track volume changes over time.
Q: How is this trend used in economic policy?
A: This index informs decision-making and investment strategies related to Maine's air transportation sector, which is a vital part of the state's infrastructure and economic development.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of several months, so there may be delays in reflecting the latest economic conditions.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Air Transportation (481) in Maine (MEAIRTRANQGSP), retrieved from FRED.