Increases in Telephone Wire Mileage for United States
Millions of Miles, Annual, Not Seasonally Adjusted
A024AAUSA227NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.88
Year-over-Year Change
26.79%
Date Range
1/1/1956 - 1/1/1963
Summary
This economic trend measures the total annual mileage driven on U.S. highways and roads. It provides insight into consumer driving behavior and transportation demand.
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 Millions of Miles, Annual, Not Seasonally Adjusted series tracks the total distance traveled by vehicles in the United States over the course of a year. This metric is widely used by transportation economists and policymakers to analyze trends in travel, fuel consumption, and infrastructure needs.
Methodology
This data is collected by the U.S. Federal Highway Administration through surveys and traffic volume monitoring.
Historical Context
Policymakers and market analysts use this trend to inform decisions about transportation infrastructure, energy policy, and economic planning.
Key Facts
- Annual U.S. vehicle miles traveled reached a record high of 3.3 trillion in 2019.
- Mileage declined sharply in 2020 due to the COVID-19 pandemic.
- The U.S. transportation sector accounts for nearly 30% of total energy consumption.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total annual mileage driven on U.S. highways and roads by all types of vehicles.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into consumer driving behavior, transportation demand, and infrastructure needs.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Highway Administration through surveys and traffic volume monitoring.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to inform decisions about transportation infrastructure, energy policy, and economic planning.
Q: Are there update delays or limitations?
A: The data is released annually with a slight delay, and may not capture all mileage on private roads or off-highway travel.
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Citation
U.S. Federal Reserve, Millions of Miles, Annual, Not Seasonally Adjusted (A024AAUSA227NNBR), retrieved from FRED.