Tonnage Cleared, British and Foreign for Great Britain
M03024GBM583NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,525.00
Year-over-Year Change
2.58%
Date Range
5/1/1856 - 8/1/1939
Summary
The 'Tonnage Cleared, British and Foreign for Great Britain' measures the total volume of goods transported by sea to and from Great Britain. This metric is a key indicator of the country's maritime trade and 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
This series represents the total net tonnage of ships cleared from British and foreign ports for Great Britain. It provides insight into the overall level of seaborne commerce and logistics supporting the British economy.
Methodology
The data is collected by the U.K. government's statistical agencies through port authorities and shipping records.
Historical Context
This metric is used by policymakers and analysts to gauge trends in British international trade and the health of the maritime transportation sector.
Key Facts
- Measures total ship tonnage cleared in British and foreign ports.
- Provides insight into the volume of goods transported by sea.
- Indicates the level of maritime trade and economic activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total net tonnage of ships cleared from British and foreign ports for Great Britain, providing insight into the overall level of seaborne commerce and logistics supporting the British economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of the health and volume of Britain's international trade and maritime transportation sector, making it a valuable data point for policymakers, economists, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.K. government's statistical agencies through port authorities and shipping records.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers and analysts to gauge trends in British international trade and the health of the maritime transportation sector, informing economic policy decisions.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting from port authorities, and the metric may not capture all seaborne trade activities, but it remains a valuable indicator of overall maritime commerce trends.
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Citation
U.S. Federal Reserve, Tonnage Cleared, British and Foreign for Great Britain (M03024GBM583NNBR), retrieved from FRED.