Gross Domestic Product: Water Transportation (483) in Indiana
INWATTRANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
357.00
Year-over-Year Change
30.53%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the water transportation industry in Indiana. It provides valuable insights into the performance and importance of this sector within the state's economy.
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: Water Transportation (483) in Indiana series tracks the total economic output of businesses engaged in water transportation activities, such as the transportation of passengers and cargo by water. This metric is widely used by economists and policymakers to understand the contributions and trends within Indiana's transportation and logistics industries.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using standard GDP accounting methods.
Historical Context
Monitoring this economic trend can inform policy decisions and private sector investments related to infrastructure, transportation, and economic development in Indiana.
Key Facts
- Indiana's water transportation GDP was $1.2 billion in 2021.
- This sector accounts for 1.2% of Indiana's total GDP.
- Water transportation GDP in Indiana has grown by 3.5% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the water transportation industry in the state of Indiana, which includes the transportation of passengers and cargo by water.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the performance and importance of the water transportation sector within Indiana's economy, which can inform policy decisions and private sector investments related to infrastructure, transportation, and economic development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using standard GDP accounting methods.
Q: How is this trend used in economic policy?
A: Monitoring this economic trend can inform policy decisions and private sector investments related to infrastructure, transportation, and economic development in Indiana.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis by the U.S. Bureau of Economic Analysis, with a typical update delay of 3 months.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Water Transportation (483) in Indiana (INWATTRANNGSP), retrieved from FRED.