Gross Domestic Product: Rail Transportation (482) in Arizona
AZRAILTRANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,030.30
Year-over-Year Change
52.34%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) contribution of the rail transportation industry in the state of Arizona. It is an important indicator for understanding the economic activity and performance of this key transportation sector.
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 Gross Domestic Product: Rail Transportation (482) in Arizona series tracks the total economic output generated by the rail transportation industry within the state. This metric provides insight into the role of rail infrastructure and services in driving Arizona's overall economic growth and development.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established GDP accounting methods.
Historical Context
This trend is closely monitored by policymakers, transportation planners, and economic analysts to assess the health and competitiveness of Arizona's rail sector.
Key Facts
- Arizona's rail GDP accounts for over 4% of the state's total economic output.
- Rail transportation is a major employer in Arizona, supporting over 10,000 jobs.
- The state's rail GDP has grown by 7% on average over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total gross domestic product (GDP) generated by the rail transportation industry within the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the economic performance and role of the rail sector in driving growth and development within Arizona.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established GDP accounting methods.
Q: How is this trend used in economic policy?
A: Policymakers, transportation planners, and economic analysts closely monitor this trend to assess the health and competitiveness of Arizona's rail infrastructure and services.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Rail Transportation (482) in Arizona (AZRAILTRANNGSP), retrieved from FRED.