Real Gross Domestic Product: Transportation and Warehousing (48-49) in Iowa
IATRANSWARERGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,884.70
Year-over-Year Change
4.53%
Date Range
1/1/1997 - 1/1/2024
Summary
This trend measures the real gross domestic product (GDP) of the transportation and warehousing sector in Iowa. It provides valuable insights into the economic activity and productivity of this key 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 Real Gross Domestic Product: Transportation and Warehousing (48-49) in Iowa metric tracks the inflation-adjusted economic output of businesses engaged in transportation and warehousing activities across the state. This indicator is widely used by economists and policymakers to assess the health and growth of a state's logistics infrastructure.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Trends in transportation and warehousing GDP are closely monitored for their implications on the broader state economy, trade, and employment.
Key Facts
- Iowa's transportation and warehousing sector accounts for over 5% of the state's total GDP.
- This trend has grown by an average of 2.5% annually over the past decade.
- The COVID-19 pandemic led to a 4.2% decline in Iowa's transportation and warehousing GDP in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product of the transportation and warehousing industry in the state of Iowa.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the productivity and economic impact of Iowa's logistics infrastructure, which is crucial for supporting trade, commerce, and overall economic growth in the state.
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 principles.
Q: How is this trend used in economic policy?
A: Trends in transportation and warehousing GDP are closely monitored by economists, policymakers, and industry analysts for their implications on trade, employment, and the broader state economy.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and may be subject to periodic revisions by the statistical agency.
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Citation
U.S. Bureau of Economic Analysis, Real Gross Domestic Product: Transportation and Warehousing (48-49) in Iowa (IATRANSWARERGSP), retrieved from FRED.