Gross Domestic Product: Water Transportation (483) in Louisiana
LAWATTRANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,275.80
Year-over-Year Change
43.11%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the gross domestic product (GDP) of the water transportation industry in Louisiana. It provides insights into the economic activity and productivity of this crucial transportation 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 Gross Domestic Product: Water Transportation (483) in Louisiana trend tracks the total economic output of businesses engaged in water transportation activities, such as the transport of freight and passengers by water. This data is used by economists and policymakers to analyze the performance and contribution of this industry to Louisiana's overall economic growth.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This economic trend is relevant for understanding the health and competitiveness of Louisiana's maritime industry, which plays a vital role in the state's logistics and trade networks.
Key Facts
- Louisiana is a major hub for water transportation, with numerous ports and inland waterways.
- The water transportation industry accounts for a significant portion of Louisiana's economic output.
- This trend can signal changes in the state's exports, imports, and overall trade activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the water transportation industry in Louisiana, which includes the transport of freight and passengers by water.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the performance and contribution of Louisiana's maritime industry, which is a crucial component of the state's logistics and trade networks.
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: Policymakers and economists use this trend to analyze the health and competitiveness of Louisiana's water transportation sector, which can inform decisions about infrastructure investments, trade policies, and economic development strategies.
Q: Are there update delays or limitations?
A: There may be some delays in the publication of this data, as it is subject to the release schedule of the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Water Transportation (483) in Louisiana (LAWATTRANNGSP), retrieved from FRED.