Chain-Type Quantity Index for Real GDP: Pipeline Transportation (486) in Louisiana
LAPIPETRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
73.62
Year-over-Year Change
-59.83%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Pipeline Transportation (486) in Louisiana measures the inflation-adjusted economic output of the pipeline transportation sector in Louisiana. This metric is important for analyzing the state's economic growth and energy infrastructure.
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 Chain-Type Quantity Index tracks the real output of the pipeline transportation industry in Louisiana, providing insight into the state's energy-related economic activity. This metric is used by economists and policymakers to understand trends in Louisiana's economic composition and energy infrastructure.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a chain-weighted quantity index methodology.
Historical Context
This economic indicator is relevant for understanding Louisiana's energy and infrastructure policies, as well as broader trends in the state's economic structure.
Key Facts
- Louisiana is a major energy-producing state.
- The pipeline transportation sector is a key part of Louisiana's economy.
- This index tracks real output, adjusting for inflation.
FAQs
Q: What does this economic trend measure?
A: This index measures the inflation-adjusted output of the pipeline transportation sector in Louisiana, providing insight into the state's energy-related economic activity.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding Louisiana's economic composition, energy infrastructure, and policy decisions related to the pipeline transportation industry.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using a chain-weighted quantity index methodology.
Q: How is this trend used in economic policy?
A: This indicator is relevant for policymakers and analysts to assess the state of Louisiana's energy-related infrastructure and economic activity.
Q: Are there update delays or limitations?
A: There may be delays in data availability, and the metric does not capture all aspects of the pipeline transportation sector's economic impact.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Pipeline Transportation (486) in Louisiana (LAPIPETRANQGSP), retrieved from FRED.