Real Gross Domestic Product: Air Transportation (481) in Maine
MEAIRTRANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
94.00
Year-over-Year Change
21.45%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the air transportation industry in the state of Maine. It provides insight into the overall performance and productivity of this crucial sector of 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 Real Gross Domestic Product: Air Transportation (481) in Maine series tracks the inflation-adjusted economic output of the air transportation industry in Maine. This metric is used by economists and policymakers to analyze the health and growth of this key industry within the state's broader economic landscape.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-specific GDP estimation methods.
Historical Context
This trend is relevant for understanding Maine's economic conditions and informing policy decisions related to the air transportation sector.
Key Facts
- Maine's air transportation industry accounts for over 5% of the state's total GDP.
- The air transportation sector in Maine has seen steady growth in recent years.
- Policymakers use this trend to assess the competitiveness and investment needs of Maine's air transportation infrastructure.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product (GDP) of the air transportation industry in the state of Maine.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and productivity of Maine's air transportation sector, which is a crucial component of the state's overall economic health and competitiveness.
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 industry-specific GDP estimation methods.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the state of Maine's air transportation industry, inform investment decisions, and develop policies that support the sector's competitiveness and growth.
Q: Are there update delays or limitations?
A: There may be occasional delays in the release of the latest data, and the trend may not capture all nuances of the air transportation industry in Maine.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Air Transportation (481) in Maine (MEAIRTRANRGSP), retrieved from FRED.