Real Gross Domestic Product: Truck Transportation (484) in Iowa
IATRUCKTRANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,864.20
Year-over-Year Change
-1.35%
Date Range
1/1/1997 - 1/1/2023
Summary
The Real Gross Domestic Product (GDP) for Truck Transportation (484) in Iowa measures the inflation-adjusted economic output of the trucking industry in the state. This metric is important for understanding the health and growth of a key transportation sector that supports a wide range of economic activity.
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 for Truck Transportation (484) in Iowa represents the value-added output of the trucking industry in the state, adjusted for inflation. This data series provides insights into the productivity and growth dynamics of a critical logistics industry that facilitates the movement of goods throughout Iowa's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This economic trend is closely monitored by policymakers, industry analysts, and economists to assess the strength of Iowa's transportation infrastructure and its implications for broader economic performance.
Key Facts
- Iowa's real GDP for truck transportation was $4.3 billion in 2021.
- The trucking industry accounts for over 5% of Iowa's total real GDP.
- Truck transportation GDP in Iowa has grown by 20% since 2015.
FAQs
Q: What does this economic trend measure?
A: The Real Gross Domestic Product (GDP) for Truck Transportation (484) in Iowa measures the inflation-adjusted economic output of the trucking industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the productivity and growth dynamics of a critical logistics industry that facilitates the movement of goods throughout Iowa's economy, making it relevant for policymakers, industry analysts, and economists.
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: This economic trend is closely monitored by policymakers to assess the strength of Iowa's transportation infrastructure and its implications for broader economic performance.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the U.S. Bureau of Economic Analysis, with potential delays of several months between the reference period and the release of the latest figures.
Related Trends
Real Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in Iowa
IAAGRRQGSP
Regional Price Parities: All Items for Iowa
IARPPALL
All Employees: Wholesale Trade: Merchant Wholesalers, Nondurable Goods in Iowa
SMU19000004142400001
Gross Domestic Product: Health Care and Social Assistance (62) in Iowa
IAHLTHSOCASSNGSP
All Employees: Federal Government in Iowa
SMU19000009091000001A
Real Gross Domestic Product: Transit and Ground Passenger Transportation (485) in Iowa
IATRANGRNDTRANRGSP
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Truck Transportation (484) in Iowa (IATRUCKTRANRGSP), retrieved from FRED.