Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in Iowa
IAOTHTRANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,177.30
Year-over-Year Change
129.18%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) contribution of the other transportation and support activities industry in Iowa. It provides valuable insights into the performance and economic importance of this sector 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 other transportation and support activities industry, represented by NAICS codes 487-488 and 492, includes a range of transportation-related services such as scenic and sightseeing transportation, support activities for transportation, and couriers and messengers. This trend helps economists and policymakers understand the role of this industry in Iowa's overall economic landscape.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional GDP estimates.
Historical Context
This trend is used by economists, policymakers, and industry analysts to assess the health and growth potential of Iowa's transportation and logistics sector.
Key Facts
- Iowa's other transportation and support activities industry accounts for over 3% of the state's GDP.
- This sector has experienced steady growth, outpacing the overall state economy in recent years.
- The transportation and logistics industry is a key driver of economic activity in Iowa, supporting a wide range of businesses and industries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) contribution of the other transportation and support activities industry in the state of Iowa, as defined by NAICS codes 487-488 and 492.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the performance and economic importance of the transportation and logistics sector within Iowa, which is a key driver 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 as part of their regional GDP estimates.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and industry analysts use this trend to assess the health and growth potential of Iowa's transportation and logistics sector, which informs economic development strategies and policy decisions.
Q: Are there update delays or limitations?
A: The data is published with a delay of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in Iowa (IAOTHTRANNGSP), retrieved from FRED.