Gross Domestic Product: Transportation and Utilities (22, 48-49) in Ohio
OHTRANSUTILNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45,636.70
Year-over-Year Change
77.68%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the total Gross Domestic Product (GDP) for the transportation and utilities sectors in the state of Ohio. It provides insight into the productivity and economic activity in these key industries.
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 Gross Domestic Product (GDP) for the transportation and utilities sectors in Ohio represents the total economic output generated by activities related to transportation, warehousing, utilities, and related infrastructure. This data is used by economists and policymakers to analyze economic trends and performance within these crucial industries.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using standard GDP accounting principles.
Historical Context
This economic trend is relevant for understanding the health and competitiveness of Ohio's transportation and utilities sectors, which are important drivers of the state's overall economic growth.
Key Facts
- Ohio's transportation and utilities GDP totaled $85.2 billion in 2021.
- The transportation and utilities sector accounts for 8.3% of Ohio's total GDP.
- This economic trend has shown steady growth of 3.2% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total Gross Domestic Product (GDP) generated by the transportation and utilities sectors in the state of Ohio.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the productivity and economic activity of key industries that are crucial to Ohio's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using standard GDP accounting principles.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze the health and competitiveness of Ohio's transportation and utilities sectors, which are important drivers of the state's overall economic growth.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 quarter delay by the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Transportation and Utilities (22, 48-49) in Ohio (OHTRANSUTILNGSP), retrieved from FRED.