Chain-Type Quantity Index for Real GDP: Transportation and Warehousing (48-49) in Maine
METRANSWAREQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
95.30
Year-over-Year Change
5.79%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Transportation and Warehousing (48-49) in Maine measures the real output of the transportation and warehousing sector in the state. This metric is crucial for economists and policymakers to assess the health and productivity of this key industry.
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 tracks changes in the real, inflation-adjusted output of the transportation and warehousing industry in Maine. It provides insights into the sector's economic performance and can be used to inform investment, infrastructure, and regulatory decisions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology.
Historical Context
This economic indicator is closely monitored by state and federal agencies to gauge the impact of policy changes and broader economic trends on the transportation and logistics sector.
Key Facts
- The transportation and warehousing sector accounts for over 4% of Maine's GDP.
- The index has shown steady growth, increasing by 15% over the past decade.
- Maine's transportation and logistics industries employ more than 30,000 workers.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the real, inflation-adjusted output of the transportation and warehousing industry in the state of Maine.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides crucial insights into the performance and productivity of a key sector of the Maine economy, which is important for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology.
Q: How is this trend used in economic policy?
A: State and federal agencies closely monitor this indicator to assess the impact of policy changes and broader economic trends on the transportation and logistics sector.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, and may be subject to revisions as more 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 Maine (METRANSWAREQGSP), retrieved from FRED.