Real Gross Domestic Product: Rail Transportation (482) in Louisiana
LARAILTRANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
613.30
Year-over-Year Change
10.80%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) for the rail transportation industry in Louisiana. It provides insights into the economic performance and productivity of this key infrastructure sector within the state.
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 GDP for rail transportation in Louisiana represents the total value of goods and services produced by the rail industry, adjusted for inflation. This metric is used by economists and policymakers to analyze the state's economic growth, identify industry trends, and inform infrastructure investment decisions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Rail transportation plays a vital role in Louisiana's economy, facilitating the movement of freight and supporting other industries. This trend helps inform economic and transportation policy at the state level.
Key Facts
- Louisiana's rail industry contributed $1.7 billion to the state's GDP in 2021.
- Rail transportation accounts for approximately 2% of Louisiana's total economic output.
- The real GDP for Louisiana's rail sector has grown by 8% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) for the rail transportation industry in the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the economic performance and productivity of Louisiana's rail transportation sector, which is a critical component of the state's infrastructure and supports other industries.
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: This trend helps inform economic and transportation policy decisions at the state level, as it provides insights into the importance and performance of Louisiana's rail industry.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the U.S. Federal Reserve, but may be subject to revisions and may not be available for the most recent time periods.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Rail Transportation (482) in Louisiana (LARAILTRANRGSP), retrieved from FRED.