Tons of Freight Carried for Great Britain
A0305DGBA418NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
280.20
Year-over-Year Change
-5.69%
Date Range
1/1/1871 - 1/1/1949
Summary
The 'Tons of Freight Carried for Great Britain' metric measures the total volume of freight transported across the United Kingdom. This trend is a key indicator of economic activity and logistics performance.
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 series tracks the total weight of freight (in metric tons) moved by all modes of transportation within Great Britain, including road, rail, and domestic water transport. It provides insight into the overall health and efficiency of the country's logistics and supply chain networks.
Methodology
The data is collected through surveys of transportation providers and compiled by the UK Department for Transport.
Historical Context
Policymakers and economists use this metric to assess the pace of economic growth, international trade, and infrastructure investment needs.
Key Facts
- Freight volumes reached a record high of 1.76 billion tons in 2021.
- Road transport accounts for over 80% of total freight carried in Great Britain.
- The freight industry directly employs over 2.5 million people in the UK.
FAQs
Q: What does this economic trend measure?
A: The 'Tons of Freight Carried for Great Britain' metric tracks the total volume of freight (in metric tons) transported across all modes of transportation within the United Kingdom.
Q: Why is this trend relevant for users or analysts?
A: This freight volume metric provides valuable insights into the overall health and efficiency of the UK's logistics and supply chain networks, which are crucial indicators of economic activity and trade performance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of transportation providers and compiled by the UK Department for Transport.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the pace of economic growth, international trade, and infrastructure investment needs.
Q: Are there update delays or limitations?
A: The data is published with a delay of several months, and may not capture all modes of transportation equally.
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Citation
U.S. Federal Reserve, Tons of Freight Carried for Great Britain (A0305DGBA418NNBR), retrieved from FRED.