Chain-Type Quantity Index for Real GDP: Water Transportation (483) in Idaho
IDWATTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
69.66
Year-over-Year Change
459.12%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Water Transportation (483) in Idaho measures the inflation-adjusted output of the water transportation industry in the state. This metric provides insight into the economic performance and productivity of a key transportation sector.
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 Chain-Type Quantity Index tracks changes in the real output of the water transportation industry in Idaho over time. Economists and policymakers use this data to analyze trends in a critical component of the state's logistics and infrastructure.
Methodology
The index is calculated by the U.S. Bureau of Economic Analysis using data on industry production and prices.
Historical Context
Monitoring this index can inform decisions around infrastructure investment, economic development, and trade policy in Idaho.
Key Facts
- The index has a base year of 2012.
- Water transportation accounts for a small but important part of Idaho's economy.
- The index helps track productivity and efficiency in this logistics sector.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Water Transportation (483) in Idaho measures the inflation-adjusted output of the water transportation industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the economic performance and productivity of a key transportation sector, which is relevant for understanding Idaho's logistics, infrastructure, and economic development.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Bureau of Economic Analysis using data on industry production and prices.
Q: How is this trend used in economic policy?
A: Monitoring this index can inform decisions around infrastructure investment, economic development, and trade policy in Idaho.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and revisions to historical values, as is common with economic statistics.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Water Transportation (483) in Idaho (IDWATTRANQGSP), retrieved from FRED.