Chain-Type Quantity Index for Real GDP: Transportation and Warehousing (48-49) in Maryland
MDTRANSWAREQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.46
Year-over-Year Change
-0.85%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Transportation and Warehousing (48-49) in Maryland measures the volume of economic activity in the transportation and warehousing sector of the state's economy. This is a key indicator for understanding trends in logistics, supply chains, and overall economic growth.
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
This index tracks changes in the real, inflation-adjusted quantity of goods and services produced in the transportation and warehousing industries in Maryland. It is used by economists and policymakers to analyze the performance and productivity of this critical economic sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a chain-weighted approach to measure real GDP by industry.
Historical Context
Trends in this index can provide insights into consumer demand, trade flows, and the overall health of Maryland's economy.
Key Facts
- The index has a base year of 2012.
- Transportation and warehousing make up around 5% of Maryland's total GDP.
- The index reached a record high in 2019 before declining during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted quantity of goods and services produced in the transportation and warehousing industries in the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: Trends in this index provide important insights into the performance and productivity of a critical sector of Maryland's economy, with implications for consumer demand, trade flows, and overall economic growth.
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 chain-weighted approach to measure real GDP by industry.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to analyze the health and performance of Maryland's transportation and logistics sector, which is crucial for supporting the state's broader economic activities.
Q: Are there update delays or limitations?
A: The index is published quarterly with a lag, so there may be a delay in accessing the most recent data. Additionally, the index may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Transportation and Warehousing (48-49) in Maryland (MDTRANSWAREQQGSP), retrieved from FRED.