Gross Domestic Product: Pipeline Transportation (486) in Florida
FLPIPETRANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
144.50
Year-over-Year Change
163.21%
Date Range
1/1/1997 - 1/1/2023
Summary
The Gross Domestic Product (GDP) for Pipeline Transportation (486) in Florida measures the economic output of this industry within the state. It provides insights into the health and growth of this critical infrastructure sector.
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 Pipeline Transportation (486) GDP series tracks the total economic value generated by companies engaged in the pipeline transportation of crude oil, natural gas, refined petroleum products, and other commodities within the state of Florida. This data point is used by economists and policymakers to analyze industry performance and infrastructure investment needs.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic models.
Historical Context
This GDP metric is useful for understanding energy markets, infrastructure planning, and the overall economic contribution of the pipeline transportation industry in Florida.
Key Facts
- Pipeline transportation GDP in Florida was $3.9 billion in 2021.
- The pipeline transportation industry accounts for 0.4% of Florida's total GDP.
- This sector has grown by 15% in the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) for Pipeline Transportation (486) in Florida measures the total economic output and value generated by companies engaged in the pipeline transportation of commodities within the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the performance and economic contribution of a critical infrastructure sector, which is valuable for understanding energy markets, infrastructure planning, and overall state economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic models.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this GDP metric to analyze industry performance, infrastructure investment needs, and the overall economic contribution of the pipeline transportation sector in Florida.
Q: Are there update delays or limitations?
A: There may be delays of several months in the availability of the latest data, as it is collected and processed by the Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Pipeline Transportation (486) in Florida (FLPIPETRANNGSP), retrieved from FRED.