Real Gross Domestic Product: Water Transportation (483) in Louisiana
LAWATTRANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,473.10
Year-over-Year Change
-24.29%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the water transportation industry in Louisiana. It provides insights into the productivity and growth of this crucial sector of 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: Water Transportation (483) in Louisiana series tracks the inflation-adjusted economic output of the water transportation industry in the state. This metric is used by economists and policymakers to analyze the health and competitiveness of Louisiana's maritime and logistics sectors.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-level GDP estimates.
Historical Context
This economic indicator is relevant for understanding Louisiana's transportation infrastructure, international trade, and economic diversification efforts.
Key Facts
- Louisiana is a major center for water transportation, handling over 500 million tons of cargo annually.
- The water transportation industry accounts for over 60,000 jobs in Louisiana.
- Real GDP in Louisiana's water transportation sector has grown by 25% since 2010.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product of the water transportation industry in the state of 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 critical maritime and logistics sectors, which are key drivers 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 industry-level GDP estimates.
Q: How is this trend used in economic policy?
A: This economic indicator is relevant for understanding Louisiana's transportation infrastructure, international trade flows, and economic diversification efforts.
Q: Are there update delays or limitations?
A: There may be a several month delay in the latest data being available due to the time required for industry-level GDP estimates.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Water Transportation (483) in Louisiana (LAWATTRANRGSP), retrieved from FRED.