Gross Domestic Product: Transportation and Warehousing (48-49) in Idaho
Annual, Not Seasonally Adjusted
IDTRANSWARENGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,614.80
Year-over-Year Change
115.31%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' economic trend measures the value of transportation and warehousing goods and services produced in the United States. It is a key indicator of economic activity and logistics infrastructure.
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 data series represents the annual, non-seasonally adjusted gross output for the transportation and warehousing industry sector. It is a vital metric for analyzing production, investment, and supply chain dynamics within the U.S. economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the national income and product accounts.
Historical Context
Policymakers and market analysts use this trend to assess the health and performance of the logistics and distribution sectors.
Key Facts
- Transportation and warehousing comprise 3.3% of U.S. GDP.
- The industry employs over 6 million people nationwide.
- Annual transportation/warehousing output was $1.4 trillion in 2021.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total annual production value of goods and services in the U.S. transportation and warehousing industry sectors.
Q: Why is this trend relevant for users or analysts?
A: It provides a comprehensive view of logistics and supply chain activity, which is critical for understanding broader economic performance and investment.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Bureau of Economic Analysis as part of the national income and product accounts.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this data to assess the health of the transportation and distribution sectors, which are vital to the broader economy.
Q: Are there update delays or limitations?
A: The data is released annually with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (IDTRANSWARENGSP), retrieved from FRED.