Real Gross Domestic Product: Transportation and Warehousing (48-49) in North Carolina
NCTRANSWARERQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,894.80
Year-over-Year Change
1.29%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures real gross domestic product (GDP) from the transportation and warehousing industry in North Carolina. It provides valuable insights into the state's economic activity and growth in this key sector.
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: Transportation and Warehousing (48-49) in North Carolina series represents the inflation-adjusted output of businesses in the transportation and warehousing industry, a critical component of the state's economy. Analysts use this data to assess economic performance and guide policy decisions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic models.
Historical Context
Policymakers and businesses rely on this trend to understand North Carolina's economic conditions and make informed decisions.
Key Facts
- North Carolina's transportation and warehousing sector accounts for over 5% of the state's GDP.
- This trend has shown steady growth over the past decade, reflecting the state's thriving logistics industry.
- The COVID-19 pandemic temporarily disrupted transportation and warehousing activity in North Carolina.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product (GDP) generated by the transportation and warehousing industry in the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the economic performance and growth of a key industry in North Carolina, helping policymakers and businesses make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic models.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to understand the state's economic conditions and guide decisions related to infrastructure, transportation, and logistics.
Q: Are there update delays or limitations?
A: There may be some delays in the release of this data, as it is based on comprehensive economic surveys and models.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Transportation and Warehousing (48-49) in North Carolina (NCTRANSWARERQGSP), retrieved from FRED.