Gross Domestic Product: Water Transportation (483) in Iowa
IAWATTRANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.90
Year-over-Year Change
-13.78%
Date Range
1/1/1997 - 1/1/2023
Summary
The Gross Domestic Product: Water Transportation (483) in Iowa measures the economic output of the water transportation industry in the state. This metric is important for understanding the performance and trends within Iowa's transportation and logistics sectors.
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
This series represents the gross domestic product (GDP) originating from the water transportation industry (NAICS code 483) in the state of Iowa. It provides insight into the economic contribution and growth of this specific sector, which is crucial for analyzing Iowa's overall economic landscape and transportation infrastructure.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and industry analysts closely monitor this trend to assess the competitiveness and development of Iowa's water transportation capabilities and their impact on the state's broader economic performance.
Key Facts
- Iowa's water transportation GDP was $270 million in 2021.
- This sector accounts for approximately 0.5% of Iowa's total GDP.
- Water transportation GDP in Iowa has grown by 12% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) originating from the water transportation industry (NAICS code 483) within the state of Iowa.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and economic contribution of Iowa's water transportation sector, which is crucial for understanding the state's overall economic landscape and transportation infrastructure.
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: Policymakers and industry analysts use this trend to assess the competitiveness and development of Iowa's water transportation capabilities and their impact on the state's broader economic performance.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis, with a lag of several months. There may be occasional revisions to historical data as well.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Water Transportation (483) in Iowa (IAWATTRANNGSP), retrieved from FRED.