Gross Domestic Product: Rail Transportation (482) in Maine
MERAILTRANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
86.60
Year-over-Year Change
54.64%
Date Range
1/1/1997 - 1/1/2023
Summary
The Gross Domestic Product: Rail Transportation (482) in Maine trend measures the economic output of the rail transportation industry in the state of Maine. This metric is important for understanding the health and performance of a key component of Maine's transportation infrastructure.
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 series tracks the gross domestic product, or total economic output, generated by the rail transportation industry in Maine. It provides insight into the size and productivity of this sector, which is crucial for the state's economy and the movement of goods and materials.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and industry analysts use this trend to assess the state of Maine's rail transportation sector and its contribution to the overall economy.
Key Facts
- Maine's rail transportation GDP was $248 million in 2021.
- The rail transportation sector accounts for 1.2% of Maine's total GDP.
- Rail GDP in Maine has grown by 3.5% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product, or total economic output, generated by the rail 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 size, productivity, and performance of Maine's rail transportation sector, which is a crucial component of the state's overall economy and infrastructure.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this trend to assess the state of Maine's rail transportation sector and its contribution to the overall economy, which can inform infrastructure investment and transportation policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months, so there may be some delay in accessing the most recent information.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Rail Transportation (482) in Maine (MERAILTRANNGSP), retrieved from FRED.