Railway Passenger Traffic Excluding London Underground for Great Britain
M031AAGBM428NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
75.60
Year-over-Year Change
-11.27%
Date Range
7/1/1920 - 12/1/1948
Summary
This economic trend measures passenger traffic on railways in Great Britain, excluding the London Underground. It provides insights into the health and utilization of the national rail network.
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 Railway Passenger Traffic Excluding London Underground for Great Britain is an important indicator of transportation activity and economic conditions. It reflects the overall demand for rail travel, which is influenced by factors such as population, economic growth, and commuting patterns.
Methodology
The data is collected by the British government through passenger counts and surveys.
Historical Context
This trend is closely watched by policymakers, transportation planners, and economists to assess the performance and usage of the rail infrastructure.
Key Facts
- Passenger traffic on British railways peaked in 2019 before the COVID-19 pandemic.
- Rail travel is a major component of the UK's transportation network.
- Trends in rail passenger traffic can indicate broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of passenger journeys on railways in Great Britain, excluding the London Underground system.
Q: Why is this trend relevant for users or analysts?
A: Passenger rail traffic is an important indicator of transportation usage and economic activity. Monitoring this trend can provide insights into commuting patterns, tourism, and the overall health of the national rail network.
Q: How is this data collected or calculated?
A: The data is collected by the British government through passenger counts and surveys.
Q: How is this trend used in economic policy?
A: Policymakers, transportation planners, and economists use this trend to assess the performance and utilization of the rail infrastructure, which can inform decisions about transportation investments, service levels, and economic development strategies.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be periodic revisions to account for changes in data collection or methodologies.
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Citation
U.S. Federal Reserve, Railway Passenger Traffic Excluding London Underground for Great Britain (M031AAGBM428NNBR), retrieved from FRED.