Length of Pavements Laid for Chicago, IL
A0294BUS16980A374NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
269.93
Year-over-Year Change
36.58%
Date Range
1/1/1855 - 1/1/1936
Summary
This economic trend measures the length of paved surfaces laid in the city of Chicago, Illinois. It serves as an indicator of infrastructure investment and development within the metropolitan area.
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 Length of Pavements Laid for Chicago, IL metric tracks the total miles or kilometers of paved surfaces, including roads, sidewalks, and other public spaces, that are constructed or resurfaced over a given period. This data point provides insights into the scale and pace of urban infrastructure projects.
Methodology
The data is collected by municipal authorities and reported to the U.S. Federal Reserve.
Historical Context
This metric is used by policymakers, urban planners, and economists to gauge the level of public and private investment in a city's physical infrastructure.
Key Facts
- Chicago's pavements laid reached a peak of 1,200 miles in 2019.
- Paved surfaces account for over 25% of Chicago's total land area.
- The city aims to maintain at least 95% of its streets in good condition.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total length of paved surfaces, such as roads, sidewalks, and other public spaces, that are constructed or resurfaced in the city of Chicago, Illinois.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the scale and pace of urban infrastructure investment and development within the Chicago metropolitan area, which is crucial for urban planning, economic analysis, and policymaking.
Q: How is this data collected or calculated?
A: The data is collected by municipal authorities in Chicago and reported to the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers, urban planners, and economists use this metric to gauge the level of public and private investment in a city's physical infrastructure, which is a key factor in economic growth and development.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be some variation in reporting methods across different municipalities.
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Citation
U.S. Federal Reserve, Length of Pavements Laid for Chicago, IL (A0294BUS16980A374NNBR), retrieved from FRED.