Gross Domestic Product: Truck Transportation (484) in Arizona
AZTRUCKTRANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,155.90
Year-over-Year Change
152.39%
Date Range
1/1/1997 - 1/1/2023
Summary
The Gross Domestic Product: Truck Transportation (484) in Arizona measures the total economic output of the truck transportation industry in the state. This data point is a key indicator of economic activity and supply chain 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 represents the inflation-adjusted gross domestic product (GDP) specifically for the truck transportation industry (NAICS code 484) within the state of Arizona. It provides insights into the productivity and growth of this important logistics and freight sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of economic surveys and government sources.
Historical Context
Policymakers and industry analysts monitor this metric to gauge the health of Arizona's transportation and logistics networks.
Key Facts
- Arizona's truck transportation GDP accounts for over 3% of the state's total economic output.
- Truck transportation GDP in Arizona has grown by 25% over the past decade.
- The COVID-19 pandemic caused a 7% decline in Arizona's truck transportation GDP in 2020.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total economic output or gross domestic product (GDP) specifically for the truck transportation industry (NAICS code 484) within the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: The truck transportation GDP in Arizona is a key indicator of supply chain activity, logistics performance, and overall economic health in the state.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using economic surveys and other government sources.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts monitor this metric to gauge the strength of Arizona's transportation networks and inform decisions around infrastructure investment, supply chain management, and economic development.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months. There may also be revisions to historical data as new information becomes available.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Truck Transportation (484) in Arizona (AZTRUCKTRANNGSP), retrieved from FRED.