Chain-Type Quantity Index for Real GDP: Other Transportation and Support Activities (487-488, 492) in Indiana
INOTHTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.67
Year-over-Year Change
46.50%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Other Transportation and Support Activities (487-488, 492) in Indiana measures the real output of the transportation and support services sector in the state. This metric is critical for policymakers and economists to track the productivity and performance of a key 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 index tracks the real, inflation-adjusted output of establishments in the Other Transportation and Support Activities subsector of the Transportation and Warehousing industry in Indiana. It serves as an important gauge of economic activity and productivity in the state's logistics and transportation infrastructure.
Methodology
The index is calculated by the U.S. Bureau of Economic Analysis using data on the real output of businesses in the relevant NAICS code categories.
Historical Context
Trends in this index are closely monitored by state officials, economists, and industry stakeholders to assess the health of Indiana's transportation and logistics sectors.
Key Facts
- The index is benchmarked to 2012 as the base year.
- Transportation and support activities account for over 4% of Indiana's GDP.
- The index has seen steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of businesses in the Other Transportation and Support Activities subsector in Indiana, which includes industries like air, rail, water, and pipeline transportation as well as support services.
Q: Why is this trend relevant for users or analysts?
A: Tracking the performance of Indiana's transportation and logistics sectors is crucial for understanding the state's overall economic health and productivity.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis calculates this index using data on the real output of businesses in the relevant NAICS code categories.
Q: How is this trend used in economic policy?
A: State officials, economists, and industry stakeholders closely monitor this index to assess the strength of Indiana's transportation infrastructure and make informed policy decisions.
Q: Are there update delays or limitations?
A: The index is published quarterly with a lag of several months, so there may be delays in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Other Transportation and Support Activities (487-488, 492) in Indiana (INOTHTRANQGSP), retrieved from FRED.