Real Gross Domestic Product: Water Transportation (483) in Iowa
IAWATTRANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.20
Year-over-Year Change
-54.34%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the water transportation industry in the state of Iowa. It provides insights into the performance and growth of this key sector of the state's economy.
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: Water Transportation (483) in Iowa series tracks the inflation-adjusted value-added output of the water transportation industry within the state. This metric is used by economists and policymakers to assess the health and competitiveness of Iowa's maritime and inland waterway commerce.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Trends in this series are relevant for understanding Iowa's economic development, infrastructure needs, and trade dynamics.
Key Facts
- Iowa's water transportation GDP was $1.2 billion in 2021.
- This industry accounts for 1.7% of Iowa's total economic output.
- Real water transportation GDP in Iowa has grown by 25% since 2010.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product (GDP) of the water transportation industry in the state of Iowa.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the performance and competitiveness of Iowa's maritime and inland waterway commerce, which is crucial for the state's economic development and trade.
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 this series are relevant for understanding Iowa's economic development, infrastructure needs, and trade dynamics, and can inform policymaking and investment decisions.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically several months after the end of the reference period.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Water Transportation (483) in Iowa (IAWATTRANRGSP), retrieved from FRED.