Gross Domestic Product: Transportation and Utilities (22, 48-49) in Maryland
MDTRANSUTILNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,971.00
Year-over-Year Change
47.96%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the gross domestic product (GDP) of the transportation and utilities sectors in the state of Maryland. It is an important indicator of economic activity and infrastructure investment in the state.
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 Gross Domestic Product: Transportation and Utilities (22, 48-49) in Maryland series tracks the total economic output of the transportation and utilities industries in the state. This metric is used by economists and policymakers to assess the health and performance of these key sectors within the broader Maryland economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of government and private sources.
Historical Context
This trend is closely monitored by state and federal officials to inform infrastructure investment, regulatory decisions, and economic development policies.
Key Facts
- Maryland's transportation and utilities GDP was $38.5 billion in 2021.
- The sector accounts for 8.4% of Maryland's total economic output.
- This trend has grown at an average annual rate of 2.1% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total gross domestic product (GDP) generated by the transportation and utilities sectors in the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of infrastructure investment, economic activity, and the performance of key industries within the Maryland economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of government and private sources.
Q: How is this trend used in economic policy?
A: State and federal officials closely monitor this trend to inform infrastructure investment, regulatory decisions, and economic development policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a short lag, providing timely insights into the performance of these sectors.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Transportation and Utilities (22, 48-49) in Maryland (MDTRANSUTILNGSP), retrieved from FRED.