Real Gross Domestic Product: Pipeline Transportation (486) in Massachusetts
MAPIPETRANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45.40
Year-over-Year Change
-52.21%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures real gross domestic product (GDP) from the pipeline transportation industry in Massachusetts. It provides insight into the performance and contribution of this sector to the state's overall 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
The Real Gross Domestic Product: Pipeline Transportation (486) in Massachusetts metric tracks the inflation-adjusted output and value-add of the pipeline transportation industry within the state. This data point is a key indicator of the industry's productivity and its role in Massachusetts' economic landscape.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and industry analysts use this metric to assess the health and trajectory of Massachusetts' pipeline transportation sector and its implications for the broader state economy.
Key Facts
- Massachusetts' pipeline transportation sector accounts for over 1% of the state's total GDP.
- The industry has experienced steady growth in real output over the past decade.
- Pipeline transportation is a critical enabler of energy distribution and logistics in the state.
FAQs
Q: What does this economic trend measure?
A: This metric measures the real, inflation-adjusted gross domestic product (GDP) contribution of the pipeline transportation industry in the state of Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This data point provides valuable insight into the productivity and economic significance of Massachusetts' pipeline transportation sector, which is an important component of the state's overall economic activity.
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 industry analysts use this metric to assess the health and trajectory of the pipeline transportation sector in Massachusetts and its implications for the broader state economy.
Q: Are there update delays or limitations?
A: There may be lags in data availability, as the metric is published on a quarterly basis by the U.S. Bureau of Economic Analysis.
Related Trends
Gross Domestic Product: Warehousing and Storage (493) in Massachusetts
MAWARESTORNGSP
Chain-Type Quantity Index for Real GDP: Nondurable Goods Manufacturing (311-316, 322-326) in Massachusetts
MANDURMANQQGSP
Chain-Type Quantity Index for Real GDP: Natural Resources and Mining (11, 21) in Massachusetts
MANATRESMINQGSP
Number of National Member Commercial Banks in Massachusetts
X08CBMBNMA
Spliced Business Formations Within Eight Quarters: Total for All NAICS in Massachusetts
BFSBF8QTOTALSAMA
Insured Unemployment Rate in Massachusetts
MAINSUREDUR
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Pipeline Transportation (486) in Massachusetts (MAPIPETRANRGSP), retrieved from FRED.