Real Gross Domestic Product: Transportation and Warehousing (48-49) in Massachusetts
MATRANSWARERQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,136.30
Year-over-Year Change
16.98%
Date Range
1/1/2005 - 1/1/2025
Summary
This series measures the real gross domestic product (GDP) for the transportation and warehousing sector in Massachusetts. It is an important indicator of economic activity and productivity in this key industry.
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 GDP for transportation and warehousing in Massachusetts provides insight into the performance and growth of this vital component of the state's economy. Economists and policymakers analyze this data to understand trends in logistics, supply chains, and infrastructure investment.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Trends in this sector can inform decisions around transportation policy, business investment, and economic development initiatives.
Key Facts
- Massachusetts is a major transportation and logistics hub on the East Coast.
- The transportation and warehousing sector accounts for over 5% of the state's GDP.
- Real GDP in this sector has grown by 12% in the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This series measures the real gross domestic product (GDP) for the transportation and warehousing sector in the state of Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the performance and growth of a vital component of Massachusetts' economy, informing decisions around transportation policy, business investment, and economic development.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: Trends in this sector can inform decisions around transportation policy, infrastructure investment, and economic development initiatives in Massachusetts.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Transportation and Warehousing (48-49) in Massachusetts (MATRANSWARERQGSP), retrieved from FRED.