Chain-Type Quantity Index for Real GDP: Truck Transportation (484) in Colorado
COTRUCKTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
85.82
Year-over-Year Change
9.86%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Truck Transportation (484) in Colorado measures the real (inflation-adjusted) economic output of the truck transportation industry in Colorado.
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 provides a measure of the volume of economic activity in the truck transportation sector, which is an important component of Colorado's overall GDP. Economists and policymakers use this data to analyze trends and make informed decisions about the state's economic performance.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index methodology.
Historical Context
This index is valuable for understanding the health of Colorado's transportation and logistics industries, which have significant implications for the state's broader economic conditions.
Key Facts
- Colorado's truck transportation industry accounts for a significant portion of the state's GDP.
- The chain-type quantity index adjusts for inflation to provide a real measure of economic output.
- Trends in this index can signal changes in the demand for logistics and transportation services in Colorado.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Truck Transportation (484) in Colorado measures the real, inflation-adjusted economic output of the truck transportation industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into the performance of Colorado's logistics and transportation sector, which is a critical component of the state's overall economic activity.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index methodology.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this index to analyze trends in Colorado's transportation industry and make informed decisions about the state's economic policies and investments.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Federal Reserve, but there may be some delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Truck Transportation (484) in Colorado (COTRUCKTRANQGSP), retrieved from FRED.