Chain-Type Quantity Index for Real GDP: Truck Transportation (484) in Florida
FLTRUCKTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
137.04
Year-over-Year Change
73.70%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Truck Transportation (484) in Florida measures the real output of the truck transportation industry in the state. This trend is an important indicator of economic activity and productivity in the logistics and freight sectors.
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 volume of goods transported by trucks in Florida, adjusted for inflation. It provides insights into the state's transportation and logistics industries, which are crucial components of the broader economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using surveys and administrative records.
Historical Context
Policymakers and analysts use this trend to assess the health and growth of Florida's transportation and logistics sectors.
Key Facts
- The index has a base year of 2012.
- Truck transportation accounts for a significant portion of Florida's GDP.
- The trend has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real output, or volume, of the truck transportation industry in Florida, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the health and growth of Florida's transportation and logistics sectors, which are crucial components of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using surveys and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the performance and growth of Florida's transportation and logistics industries, which can inform economic development and infrastructure planning decisions.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis, with some potential for minor delays in publication.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Truck Transportation (484) in Florida (FLTRUCKTRANQGSP), retrieved from FRED.