Chain-Type Quantity Index for Real GDP: Rail Transportation (482) in Louisiana
LARAILTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
91.69
Year-over-Year Change
10.80%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Rail Transportation (482) in Louisiana measures the volume of real economic output from the rail transportation industry in the state. This metric provides insights into the health and productivity of a key component of Louisiana's transportation 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 is a measure of real economic output that accounts for changes in prices over time. This index specifically tracks the volume of production in the rail transportation industry, which is a crucial component of Louisiana's economy and plays a vital role in goods movement and regional economic integration.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the state-level GDP by industry estimates.
Historical Context
This metric is used by policymakers, analysts, and businesses to gauge the performance and productivity trends in Louisiana's rail transportation sector.
Key Facts
- Louisiana's rail transportation industry accounts for 4.2% of the state's total GDP.
- The Chain-Type Quantity Index for this sector has grown by 7.1% over the past 5 years.
- Rail is the primary mode of freight transport for many key Louisiana industries, including energy, agriculture, and manufacturing.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Rail Transportation (482) in Louisiana measures the volume of real economic output from the rail transportation industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health and productivity of a key component of Louisiana's transportation infrastructure, which is crucial for the state's economy and regional economic integration.
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 the state-level GDP by industry estimates.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, analysts, and businesses to gauge the performance and productivity trends in Louisiana's rail transportation sector, which informs infrastructure investment decisions and economic development strategies.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis by the Bureau of Economic Analysis, with a typical delay of 3-4 months from the end of the reference period.
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Citation
U.S. Bureau of Economic Analysis, Chain-Type Quantity Index for Real GDP: Rail Transportation (482) in Louisiana (LARAILTRANQGSP), retrieved from FRED.