Capital Input for Transportation and Warehousing: Air Transportation (NAICS 481) in the United States
IPUIN481C011000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.30
Year-over-Year Change
-2400.00%
Date Range
1/1/1988 - 1/1/2023
Summary
This economic trend measures the capital input for the air transportation industry in the United States, which is a key component of the broader transportation and warehousing sector. It provides valuable insights into the investment and productivity trends within this vital 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 capital input for air transportation (NAICS 481) is an index that tracks the quantity of capital services used in the production process of the air transportation industry. It serves as an important indicator of industry investment, infrastructure, and technological change, which are critical factors influencing the efficiency and competitiveness of the U.S. air travel market.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using a growth accounting framework that combines information on capital stocks, asset prices, and industry production.
Historical Context
This trend is closely monitored by policymakers, industry analysts, and investors to assess the health and growth potential of the air transportation sector and its broader economic implications.
Key Facts
- The air transportation industry is a major contributor to the U.S. economy, accounting for over $1.7 trillion in economic activity.
- Capital investment in the air transportation sector has grown by an average of 2.5% annually over the past decade.
- Efficient capital utilization is crucial for the air transportation industry to remain competitive in the global market.
FAQs
Q: What does this economic trend measure?
A: This trend measures the capital input, or the quantity of capital services used, in the production process of the air transportation industry (NAICS 481) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the investment, infrastructure, and technological trends within the air transportation industry, which is a vital component of the broader U.S. transportation and logistics sector.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using a growth accounting framework that combines information on capital stocks, asset prices, and industry production.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, industry analysts, and investors to assess the health and growth potential of the air transportation sector and its broader economic implications.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be revisions to historical values as more complete information becomes available.
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Citation
U.S. Federal Reserve, Capital Input for Transportation and Warehousing: Air Transportation (NAICS 481) in the United States (IPUIN481C011000000), retrieved from FRED.