Gross Domestic Product: Warehousing and Storage (493) in Florida
FLWARESTORNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,966.90
Year-over-Year Change
254.83%
Date Range
1/1/1997 - 1/1/2023
Summary
The Gross Domestic Product (GDP) for the Warehousing and Storage (493) industry in Florida measures the total economic output of this sector. It is a key indicator of the health and performance of this important logistics industry within the state.
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 Warehousing and Storage industry (NAICS 493) includes establishments primarily engaged in operating warehousing and storage facilities for general merchandise, refrigerated goods, and other products. This GDP metric provides insight into the overall economic contribution and trends within this vital component of Florida's logistics and supply chain infrastructure.
Methodology
The GDP data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting frameworks.
Historical Context
Policymakers and industry analysts closely monitor this GDP trend to gauge the economic strength and competitiveness of Florida's warehousing and logistics sector.
Key Facts
- Florida's warehousing and storage GDP totaled $11.7 billion in 2021.
- This industry accounts for 1.8% of Florida's total economic output.
- The warehousing and storage GDP has grown 20% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total gross domestic product (GDP) generated by the Warehousing and Storage industry (NAICS 493) within the state of Florida.
Q: Why is this trend relevant for users or analysts?
A: This GDP trend provides insight into the economic performance and contribution of Florida's vital logistics and supply chain infrastructure, which is critical for policymakers and industry stakeholders.
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 GDP trend to gauge the economic strength and competitiveness of Florida's warehousing and logistics sector, which informs infrastructure investment, economic development, and trade policies.
Q: Are there update delays or limitations?
A: The GDP data is typically published with a lag of several months, and may be subject to periodic revisions by the Bureau of Economic Analysis.
Related Trends
Regional Price Parities: Services: Other: Nonmetropolitan Portion for Florida
FLNMPRPPSERVEOTH
Housing Inventory: Price Increased Count in Florida
PRIINCCOUFL
Deposits in Insured Commercial Nonmember Banks in Florida
X08TDCBNMBIFL
Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Florida
FLGOVQQGSP
Regional Price Parities: All Items for Florida
FLRPPALL
Employed Persons in Florida
LAUST120000000000005
Citation
U.S. Federal Reserve, Gross Domestic Product: Warehousing and Storage (493) in Florida (FLWARESTORNGSP), retrieved from FRED.