Real Gross Domestic Product: Transportation and Warehousing (48-49) in Louisiana
LATRANSWARERGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,636.80
Year-over-Year Change
-20.40%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the real gross domestic product (GDP) of the transportation and warehousing sector in Louisiana. It provides insights into the productivity and performance of this crucial industry within the state's economy.
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 Gross Domestic Product: Transportation and Warehousing (48-49) in Louisiana series tracks the inflation-adjusted value added by the transportation and warehousing industry to the state's overall economic output. This metric is widely used by economists and policymakers to analyze the health and growth dynamics of a key economic sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Historical Context
This trend is important for understanding the role of logistics and infrastructure in Louisiana's economic development and competitiveness.
Key Facts
- Louisiana's transportation and warehousing sector accounts for over 5% of the state's total GDP.
- This industry has experienced steady growth in recent years, outpacing the overall state economy.
- The sector plays a vital role in supporting Louisiana's major industries, such as energy, manufacturing, and agriculture.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product of the transportation and warehousing industry in the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the productivity and performance of a crucial economic sector in Louisiana, which is vital for understanding the state's overall economic development and competitiveness.
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 income and product accounting methods.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and market analysts to assess the health and growth dynamics of Louisiana's transportation and logistics infrastructure, which is critical for supporting the state's major industries and economic development strategies.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates by the U.S. Bureau of Economic Analysis, and there may be some delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Transportation and Warehousing (48-49) in Louisiana (LATRANSWARERGSP), retrieved from FRED.