Chain-Type Quantity Index for Real GDP: Transit and Ground Passenger Transportation (485) in Louisiana
LATRANGRNDTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
91.55
Year-over-Year Change
-6.44%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the chain-type quantity index for real GDP in the transit and ground passenger transportation industry in Louisiana. It provides insights into the overall economic activity and productivity in this sector.
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 for real GDP in the transit and ground passenger transportation industry is a key measure used by economists and policymakers to track the growth and performance of this sector within the broader Louisiana economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using standard national accounting methods.
Historical Context
This trend is closely monitored by transportation planners, transit authorities, and economic development agencies to inform investment decisions and policy.
Key Facts
- The index is based on 2012 chained dollars.
- The series begins in 2005 and is updated quarterly.
- Louisiana is a major transportation hub in the southern United States.
FAQs
Q: What does this economic trend measure?
A: This trend measures the chain-type quantity index for real GDP in the transit and ground passenger transportation industry in Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the overall economic activity and productivity of the transportation sector in Louisiana, which is a key component of the state's economy.
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 national accounting methods.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by transportation planners, transit authorities, and economic development agencies to inform investment decisions and policy.
Q: Are there update delays or limitations?
A: The series begins in 2005 and is updated quarterly, with a typical release delay of several months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Transit and Ground Passenger Transportation (485) in Louisiana (LATRANGRNDTRANQGSP), retrieved from FRED.