Gross Domestic Product: Transportation and Utilities (22, 48-49) in Indiana
INTRANSUTILNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27,243.90
Year-over-Year Change
66.12%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the gross domestic product (GDP) contribution of the transportation and utilities sectors in the state of Indiana. It provides insights into the role of these industries in the state's economic activity.
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 Gross Domestic Product: Transportation and Utilities (22, 48-49) in Indiana trend represents the economic output generated by the transportation and utilities sectors in the state. This metric is used by policymakers and analysts to understand the relative importance of these industries in the state's overall economic performance.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional GDP estimates.
Historical Context
This trend is relevant for understanding the state's economic structure and can inform policy decisions related to infrastructure, energy, and other regulatory matters.
Key Facts
- Indiana's transportation and utilities sectors account for over 5% of the state's GDP.
- The transportation and utilities industries employ more than 100,000 people in Indiana.
- This trend has shown steady growth over the past decade, reflecting the importance of these sectors to the state's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) contribution of the transportation and utilities sectors in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the role of the transportation and utilities industries in Indiana's overall economic performance, which is crucial for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional GDP estimates.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding the state's economic structure and can inform policy decisions related to infrastructure, energy, and other regulatory matters.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Bureau of Economic Analysis, but there may be some delays in the release of the latest figures.
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Citation
U.S. Bureau of Economic Analysis, Gross Domestic Product: Transportation and Utilities (22, 48-49) in Indiana (INTRANSUTILNGSP), retrieved from FRED.