Mileage of New Railway Lines Authorized by Parliament for Great Britain
Miles, Annual, Not Seasonally Adjusted
A024DAGBA374NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
123.00
Year-over-Year Change
-32.79%
Date Range
1/1/1847 - 1/1/1879
Summary
This economic trend measures the total miles driven annually in the United States, providing insights into consumer 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 annual miles driven metric represents the total distance traveled by motor vehicles in the U.S. on public roads and highways. It is a key indicator of transportation activity and consumer mobility, with implications for energy consumption, infrastructure planning, and economic growth.
Methodology
The data is collected and calculated by the Federal Highway Administration based on vehicle-miles traveled surveys.
Historical Context
Policymakers and analysts use this trend to assess travel patterns, fuel demand, and the broader state of the economy.
Key Facts
- Annual miles driven in the U.S. reached a record high of over 3.2 trillion in 2019.
- Miles driven declined sharply in 2020 due to the COVID-19 pandemic and associated travel restrictions.
- The miles driven trend is closely linked to gasoline consumption and vehicle sales.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total distance traveled by motor vehicles on public roads and highways in the United States on an annual basis.
Q: Why is this trend relevant for users or analysts?
A: The annual miles driven metric provides insights into consumer behavior, transportation demand, and broader economic conditions. It is used by policymakers, economists, and industry analysts to assess travel patterns, fuel consumption, and infrastructure needs.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Federal Highway Administration based on vehicle-miles traveled surveys.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the miles driven trend to inform decisions related to transportation infrastructure, energy policy, and economic planning.
Q: Are there update delays or limitations?
A: The annual miles driven data is typically released with a lag of several months, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Miles, Annual, Not Seasonally Adjusted (A024DAGBA374NNBR), retrieved from FRED.