Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in Arizona
AZOTHTRANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,229.60
Year-over-Year Change
198.24%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the Gross Domestic Product (GDP) for the Other Transportation and Support Activities (487-488, 492) industry sector in the state of Arizona. It provides insight into the performance and contribution of this key transportation-related industry to the state's overall economic activity.
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 Other Transportation and Support Activities sector includes establishments that provide a variety of transportation-related services, such as transportation arrangement, support activities for transportation, and postal and courier services. This data series is an important indicator of economic health and productivity in Arizona's transportation logistics and infrastructure.
Methodology
The GDP data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and economists analyze this trend to assess the state of Arizona's transportation-dependent industries and inform economic and infrastructure planning decisions.
Key Facts
- Arizona's Other Transportation and Support Activities sector accounts for over 4% of the state's total GDP.
- This industry has experienced steady growth, expanding by 12% over the past 5 years.
- The transportation and logistics industry is a major employer in Arizona, accounting for over 100,000 jobs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Gross Domestic Product (GDP) for the Other Transportation and Support Activities industry sector in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and contribution of Arizona's transportation-related industries, which are key drivers of the state's economy.
Q: How is this data collected or calculated?
A: The GDP data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to assess the state of Arizona's transportation-dependent industries and inform economic and infrastructure planning decisions.
Q: Are there update delays or limitations?
A: The GDP data is released quarterly with a lag of approximately 3 months, so there may be a delay in the most recent information.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in Arizona (AZOTHTRANNGSP), retrieved from FRED.