Chain-Type Quantity Index for Real GDP: Truck Transportation (484) in North Carolina
NCTRUCKTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.97
Year-over-Year Change
23.22%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Truck Transportation (484) in North Carolina measures the real output of the truck transportation sector in the state. This metric provides insights into the health and performance of a critical component 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 Chain-Type Quantity Index tracks the real, inflation-adjusted GDP contribution of the truck transportation industry in North Carolina. This metric is used by economists and policymakers to assess the economic conditions and trends within the transportation sector, which has broad implications for supply chains, logistics, and overall economic activity.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using information from various industry surveys and economic indicators.
Historical Context
Monitoring trends in the truck transportation sector helps inform decisions around infrastructure investment, regulatory policies, and the broader economic outlook.
Key Facts
- North Carolina is a major hub for logistics and transportation.
- Truck transportation accounts for a significant portion of the state's GDP.
- This index is a leading indicator of economic activity in North Carolina.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Truck Transportation (484) in North Carolina measures the real, inflation-adjusted output of the truck transportation sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the health and performance of a critical component of North Carolina's economy, with broad implications for supply chains, logistics, and overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using information from various industry surveys and economic indicators.
Q: How is this trend used in economic policy?
A: Monitoring trends in the truck transportation sector helps inform decisions around infrastructure investment, regulatory policies, and the broader economic outlook in North Carolina.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule by the U.S. Bureau of Economic Analysis, with minimal delays.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Truck Transportation (484) in North Carolina (NCTRUCKTRANQGSP), retrieved from FRED.