Real Gross Domestic Product: Truck Transportation (484) in Florida
FLTRUCKTRANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,275.00
Year-over-Year Change
73.69%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the truck transportation industry in the state of Florida. It is an important indicator for understanding the performance and growth of this key transportation 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 Real Gross Domestic Product: Truck Transportation (484) in Florida series tracks the inflation-adjusted output of the truck transportation industry, which encompasses establishments providing over-the-road transportation of cargo using motor vehicles, such as trucks and tractor-trailers. This metric is useful for analyzing the state's economic activity and productivity in the logistics and freight movement industries.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting frameworks.
Historical Context
Policymakers and industry analysts monitor this trend to assess the health and competitiveness of Florida's transportation infrastructure and logistics capabilities.
Key Facts
- Florida is a major logistics hub, with a thriving truck transportation industry.
- Truck transportation accounts for a significant portion of the state's GDP.
- This metric helps track the economic performance of the logistics sector in Florida.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the truck transportation industry in the state of Florida, providing an indicator of the sector's economic output and productivity.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the performance and growth of Florida's critical logistics and freight movement industries, which are key drivers 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 established national accounting frameworks.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts monitor this trend to assess the health and competitiveness of Florida's transportation infrastructure and logistics capabilities, which are essential for the state's economic growth and competitiveness.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the Bureau of Economic Analysis, and there may be some time lags in the availability of the most recent information.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Truck Transportation (484) in Florida (FLTRUCKTRANRGSP), retrieved from FRED.