Chain-Type Quantity Index for Real GDP: Air Transportation (481) in Colorado
COAIRTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
154.24
Year-over-Year Change
142.00%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Air Transportation (481) in Colorado measures the inflation-adjusted volume of economic output in the air transportation industry within the state. This metric is important for understanding trends in a key sector of the state's economy.
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 tracks changes in the real (inflation-adjusted) output of the air transportation industry in Colorado. This index is a useful indicator of economic activity and productivity in this important economic sector.
Methodology
The data is calculated based on Bureau of Economic Analysis (BEA) estimates of real GDP by industry.
Historical Context
Policymakers and analysts use this metric to gauge the health and performance of Colorado's air transportation industry and its broader economic implications.
Key Facts
- The index has a base year of 2012.
- Air transportation is a major industry in Colorado.
- The index can signal changes in travel, logistics, and economic activity.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Air Transportation (481) in Colorado measures the inflation-adjusted volume of economic output in the air transportation industry within the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding trends in a key sector of Colorado's economy and can signal changes in travel, logistics, and broader economic activity within the state.
Q: How is this data collected or calculated?
A: The data is calculated based on Bureau of Economic Analysis (BEA) estimates of real GDP by industry.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the health and performance of Colorado's air transportation industry and its broader economic implications.
Q: Are there update delays or limitations?
A: The data may have update delays typical of government economic statistics, and the index is limited to the air transportation industry within Colorado.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Air Transportation (481) in Colorado (COAIRTRANQGSP), retrieved from FRED.