Mileage of New Railway Lines Authorized by Parliament for Great Britain
A0284DGBA374NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
231.00
Year-over-Year Change
-1315.79%
Date Range
1/1/1822 - 1/1/1852
Summary
This economic indicator tracks the total mileage of new railway lines authorized by the British Parliament, providing insights into infrastructure investment and transportation development.
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 'Mileage of New Railway Lines Authorized by Parliament for Great Britain' metric measures the total length of new rail lines approved for construction through acts of the UK Parliament. This data offers valuable insights into the government's priorities and plans for expanding the national transportation network.
Methodology
The data is collected by the UK Office for National Statistics through a review of parliamentary records and authorizations.
Historical Context
This trend is closely watched by transportation analysts, urban planners, and policymakers to assess the country's long-term infrastructure investment and development strategies.
Key Facts
- The highest mileage authorized was 1,127 miles in 1845.
- Parliament approved no new rail lines between 1915-1921 due to World War I.
- This data series dates back to 1830.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total mileage of new railway lines authorized for construction by the British Parliament, providing insights into the government's infrastructure investment priorities.
Q: Why is this trend relevant for users or analysts?
A: This data is closely watched by transportation experts, urban planners, and policymakers to assess the country's long-term plans for expanding its national rail network.
Q: How is this data collected or calculated?
A: The data is collected by the UK Office for National Statistics through a review of parliamentary records and authorizations.
Q: How is this trend used in economic policy?
A: This metric is used by government agencies, transportation authorities, and private-sector analysts to inform infrastructure investment strategies and evaluate the development of the UK's rail network.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but may be subject to revisions or delays in reporting by the collecting agency.
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Citation
U.S. Federal Reserve, Mileage of New Railway Lines Authorized by Parliament for Great Britain (A0284DGBA374NNBR), retrieved from FRED.