Gross Tonnage of Yachts Built for United States
A02102USA309NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,221.00
Year-over-Year Change
-23.71%
Date Range
1/1/1847 - 1/1/1937
Summary
The Gross Tonnage of Yachts Built for United States measures the total volume of yachts constructed for American owners, providing insights into the domestic luxury boat manufacturing 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
This economic indicator tracks the overall size and scale of yachts produced domestically for the U.S. market. It offers valuable data on trends in the recreational boating sector, which is an important part of the broader manufacturing and leisure economy.
Methodology
The data is collected through surveys of yacht builders and manufacturers.
Historical Context
Policymakers and industry analysts monitor this metric to assess the health and competitiveness of the U.S. luxury marine products industry.
Key Facts
- Yachts are luxury vessels typically over 40 feet in length.
- The U.S. is a major producer and consumer of high-end recreational boats.
- Gross tonnage measures a ship's total enclosed volume, not its weight.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total enclosed volume, or gross tonnage, of yachts constructed for the U.S. domestic market by manufacturers.
Q: Why is this trend relevant for users or analysts?
A: The gross tonnage of yachts built provides insights into the scale and health of the luxury recreational boating industry, which is an important economic sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of yacht builders and manufacturers.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts monitor this metric to assess the competitiveness and growth of the U.S. luxury marine products industry.
Q: Are there update delays or limitations?
A: The data may have lags or limitations in reporting due to the survey-based collection method.
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Citation
U.S. Federal Reserve, Gross Tonnage of Yachts Built for United States (A02102USA309NNBR), retrieved from FRED.