Real Gross Domestic Product: Transportation and Warehousing (48-49) in Arkansas
Annual, Not Seasonally Adjusted
ARTRANSWARERGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,399.90
Year-over-Year Change
4.96%
Date Range
1/1/1997 - 1/1/2024
Summary
This series measures the annual, not seasonally adjusted real gross state product for the transportation and warehousing sector. It provides insights into the economic performance and growth of this key industry.
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 transportation and warehousing real gross state product (RGSP) represents the total economic output of activities related to the movement of goods and people, such as airlines, railroads, trucking, and warehousing. This metric is used by economists and policymakers to gauge the health and trends within this critical infrastructure sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their GDP by state program.
Historical Context
Trends in transportation and warehousing RGSP are closely monitored by government, industry, and market analysts to understand the broader economic climate and potential policy implications.
Key Facts
- Transportation and warehousing accounts for over 4% of U.S. GDP.
- Trucking is the largest segment, generating over $700 billion annually.
- The sector employs more than 5 million workers nationwide.
FAQs
Q: What does this economic trend measure?
A: This series measures the annual, not seasonally adjusted real gross state product for the transportation and warehousing sector of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: Trends in transportation and warehousing RGSP provide important insights into the performance and growth of this critical infrastructure sector, which is closely tied to broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their GDP by state program.
Q: How is this trend used in economic policy?
A: Transportation and warehousing RGSP is monitored by government, industry, and market analysts to understand the broader economic climate and potential policy implications.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be delays in the most recent information being available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (ARTRANSWARERGSP), retrieved from FRED.