Real Gross Domestic Product: Truck Transportation (484) in Indiana
INTRUCKTRANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,672.90
Year-over-Year Change
12.26%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) for the truck transportation industry (NAICS code 484) in the state of Indiana. It provides insights into the economic output and productivity of this crucial 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 Real Gross Domestic Product: Truck Transportation (484) in Indiana series tracks the inflation-adjusted economic output of the truck transportation industry in Indiana. This metric is an important indicator of the industry's productivity and efficiency, which has broader implications for the state's logistics, supply chains, and overall economic health.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and industry analysts closely monitor this trend to assess the competitiveness and growth potential of Indiana's truck transportation sector.
Key Facts
- Indiana is a major logistics hub, with over 100,000 people employed in the truck transportation industry.
- The real GDP of Indiana's truck transportation sector has grown by 20% over the past decade.
- Truck transportation accounts for over 5% of Indiana's total economic output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) for the truck transportation industry (NAICS code 484) in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the productivity and economic output of a crucial transportation sector, which has broader implications for Indiana's logistics, supply chains, and overall economic health.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts closely monitor this trend to assess the competitiveness and growth potential of Indiana's truck transportation sector.
Q: Are there update delays or limitations?
A: The data is published quarterly with a delay of approximately two months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Truck Transportation (484) in Indiana (INTRUCKTRANRGSP), retrieved from FRED.