Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in Indiana
INOTHTRANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,347.00
Year-over-Year Change
129.83%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the other transportation and support activities sector in the state of Indiana. It is an important indicator of economic activity and growth in this 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
The other transportation and support activities sector includes industries such as air transportation, rail transportation, water transportation, truck transportation, pipeline transportation, and support activities for transportation. This trend provides insights into the performance and contribution of these industries to Indiana's overall economic output.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of their regional GDP estimates.
Historical Context
This trend is useful for policymakers, businesses, and economists to understand the dynamics of Indiana's transportation and logistics sector and its impact on the state's economy.
Key Facts
- Indiana's other transportation and support activities sector contributed $6.6 billion to the state's GDP in 2021.
- This sector has grown by 12.5% in Indiana over the past 5 years.
- The transportation and logistics industry accounts for over 6% of Indiana's total economic output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the other transportation and support activities sector in the state of Indiana, including industries like air, rail, water, and truck transportation.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the performance and contribution of Indiana's transportation and logistics sector to the state's overall economic output, which is useful for policymakers, businesses, and economists.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of their regional GDP estimates.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, businesses, and economists to understand the dynamics of Indiana's transportation and logistics sector and its impact on the state's economy, informing economic development strategies and investment decisions.
Q: Are there update delays or limitations?
A: The data is typically published 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. Bureau of Economic Analysis, Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in Indiana (INOTHTRANNGSP), retrieved from FRED.