Chain-Type Quantity Index for Real GDP: Air Transportation (481) in Florida
FLAIRTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
134.05
Year-over-Year Change
83.41%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Air Transportation (481) in Florida measures the real economic output of the air transportation industry in the state. This metric is important for policymakers and economists to gauge the health and growth of 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
This index tracks the real, inflation-adjusted quantity of goods and services produced by Florida's air transportation industry over time. It is a useful indicator of economic activity and productivity in this critical infrastructure sector.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chained-dollar approach to measure real changes in output.
Historical Context
Trends in this index are closely monitored by government officials, industry analysts, and investors to assess the state of Florida's aviation and air travel markets.
Key Facts
- Florida is a major hub for air travel in the United States.
- Air transportation is a critical industry for Florida's economy.
- This index helps track productivity and growth in the state's aviation sector.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Air Transportation (481) in Florida measures the real, inflation-adjusted economic output of the air transportation industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for policymakers, economists, and industry analysts to gauge the health and growth of a key sector of Florida's economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chained-dollar approach to measure real changes in output.
Q: How is this trend used in economic policy?
A: Trends in this index are closely monitored by government officials, industry analysts, and investors to assess the state of Florida's aviation and air travel markets.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the statistical agencies that collect and publish it.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Air Transportation (481) in Florida (FLAIRTRANQGSP), retrieved from FRED.