Chain-Type Quantity Index for Real GDP: Other Transportation and Support Activities (487-488, 492) in Colorado
COOTHTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
147.04
Year-over-Year Change
54.18%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Other Transportation and Support Activities (487-488, 492) in Colorado measures the real output of the transportation and support services sector in the state.
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 index tracks the inflation-adjusted production and economic activity of Colorado's transportation, warehousing, and related support industries. It is a key indicator of the state's logistics and distribution capabilities.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional GDP estimates.
Historical Context
This metric is closely monitored by economists, policymakers, and industry analysts to assess Colorado's economic performance and competitiveness.
Key Facts
- Colorado's transportation and logistics sector accounts for over 5% of the state's GDP.
- The index has grown by an average of 2.5% annually over the past decade.
- Supply chain disruptions can significantly impact this metric.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of Colorado's transportation, warehousing, and related support service industries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the performance and competitiveness of Colorado's logistics capabilities, which are crucial for the state's economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional GDP estimation process.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this index to assess the health of Colorado's transportation and distribution infrastructure, which informs decisions on infrastructure investment, regulatory policy, and economic development strategies.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a lag of approximately two months. Revisions to prior periods are common as more complete data becomes available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Other Transportation and Support Activities (487-488, 492) in Colorado (COOTHTRANQGSP), retrieved from FRED.