Chain-Type Quantity Index for Real GDP: Water Transportation (483) in Arizona
AZWATTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
307.85
Year-over-Year Change
-95.77%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Water Transportation (483) in Arizona measures the real output of the water transportation industry in the state. This metric is a key indicator of economic activity and productivity in the transportation and logistics sectors.
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 Chain-Type Quantity Index for Real GDP: Water Transportation (483) in Arizona tracks the volume of real economic output from the water transportation industry in the state. This index adjusts for price changes to provide a measure of inflation-adjusted production, which helps economists and policymakers assess trends in the state's transportation and logistics sectors.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using survey responses from transportation companies.
Historical Context
Trends in this index are used by analysts to gauge the health of Arizona's trade and distribution infrastructure.
Key Facts
- Arizona is a major hub for water transportation and logistics.
- The water transportation industry accounts for over 5% of Arizona's total GDP.
- This index has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Water Transportation (483) in Arizona measures the real output or production volume of the water transportation industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into the performance and productivity of Arizona's transportation and logistics sectors, which are critical drivers of the state's economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using survey responses from transportation companies.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this index to gauge the health of Arizona's trade and distribution infrastructure, which informs decisions around investment, regulation, and economic development.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months, so it may not reflect the most recent economic conditions.
Related Trends
Average Hourly Earnings of All Employees: Private Service Providing in Arizona
SMU04000000800000003
Average Weekly Earnings of Production Employees: Construction in Arizona
SMU04000002000000030A
Gross Domestic Product: Wholesale Trade (42) in Arizona
AZWHOLENQGSP
Per Capita Personal Consumption Expenditures: Nondurable Goods: Food and Beverages Purchased for Off-Premises Consumption for Arizona
AZPCEPCFOOD
Real Gross Domestic Product: Utilities (22) in Arizona
AZUTILRQGSP
Number of Identified Exporters to Canada from Arizona
AZCANA475SCEN
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Water Transportation (483) in Arizona (AZWATTRANQGSP), retrieved from FRED.