Real Gross Domestic Product: Transportation and Warehousing (48-49) in Idaho
Quarterly, Seasonally Adjusted Annual Rate
IDTRANSWARERQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,637.50
Year-over-Year Change
-3.38%
Date Range
1/1/2005 - 1/1/2025
Summary
The 'Quarterly, Seasonally Adjusted Annual Rate' trend measures the quarterly change in real gross state product for the transportation and warehousing sector. This key economic indicator provides insights into the health and growth of the transportation industry.
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 quarterly, seasonally adjusted data reflects the annualized rate of change in real gross state product for the transportation and warehousing industry. Economists and policymakers use this metric to analyze the performance and productivity of the transportation sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Tracking this trend helps inform economic and transportation policy decisions.
Key Facts
- The transportation and warehousing sector accounts for over 4% of U.S. GDP.
- This metric measures quarterly changes in real output, not just nominal dollars.
- The data is seasonally adjusted to account for typical quarterly variations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly change in real gross state product for the transportation and warehousing sector, providing insights into the performance of this key industry.
Q: Why is this trend relevant for users or analysts?
A: Tracking this metric helps economists and policymakers understand the health and growth of the transportation industry, which is crucial for the broader economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Monitoring this trend informs economic and transportation policy decisions at the federal, state, and local levels.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (IDTRANSWARERQGSP), retrieved from FRED.