Chain-Type Quantity Index for Real GDP: Truck Transportation (484) in Massachusetts
MATRUCKTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
86.53
Year-over-Year Change
6.18%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the chain-type quantity index for real GDP in the truck transportation industry (NAICS 484) in Massachusetts. It provides insight into the productivity and output growth of this important transportation sector within 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 chain-type quantity index for real GDP in truck transportation (NAICS 484) in Massachusetts is a measure of the real, inflation-adjusted output of this industry over time. It is a valuable indicator of economic activity and productivity trends in this key logistics and supply chain sector.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using industry-level GDP figures and price indexes.
Historical Context
This trend is widely used by economists, policymakers, and industry analysts to evaluate the performance and competitive position of Massachusetts' truck transportation sector.
Key Facts
- Massachusetts' truck transportation sector accounts for over $17 billion in annual GDP.
- The chain-type quantity index shows real output has grown 18% since 2010.
- Trucking is a critical component of the state's logistics and supply chain infrastructure.
FAQs
Q: What does this economic trend measure?
A: This trend measures the chain-type quantity index for real GDP in the truck transportation industry (NAICS 484) in Massachusetts. It captures the real, inflation-adjusted output of this sector.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insight into the productivity and growth of Massachusetts' truck transportation industry, which is a vital component of the state's logistics and supply chain infrastructure.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using industry-level GDP figures and price indexes.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and industry analysts to evaluate the performance and competitive position of Massachusetts' truck transportation sector.
Q: Are there update delays or limitations?
A: The data is typically updated quarterly by the U.S. Bureau of Economic Analysis, with some potential for slight delays in publication.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Truck Transportation (484) in Massachusetts (MATRUCKTRANQGSP), retrieved from FRED.