Chain-Type Quantity Index for Real GDP: Truck Transportation (484) in Louisiana
LATRUCKTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
87.88
Year-over-Year Change
-12.46%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Truck Transportation (484) in Louisiana measures the inflation-adjusted output of the truck transportation industry in Louisiana. This metric is important for economists and policymakers to understand regional economic activity and productivity.
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
This index tracks the real, volume-based GDP contribution of the truck transportation sector in Louisiana. It is used to analyze trends in logistics, supply chain, and overall economic performance at the state level.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using the chain-type quantity index method.
Historical Context
Policymakers and businesses utilize this metric to assess the health and competitiveness of Louisiana's transportation infrastructure and logistics industry.
Key Facts
- The index uses 2012 as the base year.
- Louisiana's truck transportation sector accounts for over 4% of state GDP.
- The index reached an all-time high in 2018.
FAQs
Q: What does this economic trend measure?
A: This index measures the inflation-adjusted, volume-based GDP contribution of the truck transportation industry in Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the productivity and competitiveness of Louisiana's logistics and supply chain sectors.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using the chain-type quantity index method.
Q: How is this trend used in economic policy?
A: Policymakers and businesses use this index to assess the performance and needs of Louisiana's transportation infrastructure and logistics industry.
Q: Are there update delays or limitations?
A: The index is published quarterly, with a typical 2-3 month lag from the end of the reference period.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Truck Transportation (484) in Louisiana (LATRUCKTRANQGSP), retrieved from FRED.