Gross Domestic Product: Transportation and Utilities (22, 48-49) in Louisiana
LATRANSUTILNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,275.90
Year-over-Year Change
38.76%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the gross domestic product (GDP) generated by the transportation and utilities industries in Louisiana. It provides important insights into the performance and contribution of these key sectors to the state's overall economic activity.
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 GDP for transportation and utilities in Louisiana represents the total value of goods and services produced by these industries within the state. It is a widely used indicator for tracking the economic health and productivity of the state's infrastructure and energy sectors.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional economic accounts.
Historical Context
This trend is closely monitored by policymakers, business leaders, and economists to assess the state's economic conditions and guide investment and policy decisions.
Key Facts
- Louisiana's transportation and utilities GDP was $18.8 billion in 2021.
- This sector accounts for about 8% of Louisiana's total economic output.
- The transportation and utilities industries employ over 100,000 people in Louisiana.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) generated by the transportation and utilities industries in the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and contribution of Louisiana's transportation and utilities sectors to the state's overall economic activity, which is crucial for policymakers, businesses, and economists.
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 their regional economic accounts.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, business leaders, and economists to assess the state's economic conditions and guide investment and policy decisions related to infrastructure and energy.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically several months after the end of the reported period, and may be subject to revisions.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Transportation and Utilities (22, 48-49) in Louisiana (LATRANSUTILNGSP), retrieved from FRED.