Gross Domestic Product: Rail Transportation (482) in Oregon
ORRAILTRANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
474.70
Year-over-Year Change
32.45%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the Gross Domestic Product (GDP) for the rail transportation industry in the state of Oregon. It provides valuable insights into the performance and contribution of this sector to the state's overall economic activity.
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: Rail Transportation (482) in Oregon series represents the total economic output generated by the rail transportation industry within the state. This metric is used by economists and policymakers to analyze the productivity and growth of this specific industry and its impact on the broader state economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) using standard GDP accounting methods.
Historical Context
This economic trend is widely used by analysts, investors, and government agencies to assess the health and competitiveness of Oregon's transportation infrastructure and its role in supporting economic development.
Key Facts
- Oregon's rail transportation industry contributes over $1 billion to the state's GDP annually.
- The rail transportation sector in Oregon has experienced steady growth over the past decade.
- The GDP of Oregon's rail transportation industry accounts for approximately 2% of the state's total economic output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Gross Domestic Product (GDP) generated by the rail transportation industry in the state of Oregon, providing insights into the productivity and economic impact of this sector.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the role of the rail transportation industry in Oregon's economy and its contribution to the state'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 (BEA) using standard GDP accounting methods.
Q: How is this trend used in economic policy?
A: This trend is used by analysts, investors, and government agencies to assess the health and competitiveness of Oregon's transportation infrastructure and its role in supporting economic development.
Q: Are there update delays or limitations?
A: The Gross Domestic Product: Rail Transportation (482) in Oregon data is typically updated on a quarterly basis, with some potential for minor delays in the release of the latest figures.
Related Trends
Poverty Universe, Age 5-17 related for Oregon
PUA5T17ROR41000A647NCEN
New Private Housing Units Authorized by Building Permits for Oregon
ORBPPRIVSA
Number of Identified Exporters to Canada from Oregon
ORCANA475SCEN
Gross Domestic Product: Educational Services, Health Care, and Social Assistance (61, 62) in Oregon
OREDHLTHSOCASSNGSP
All Employees: Construction: Building Equipment Contractors in Oregon
SMU41000002023820001
State Government Tax Collections, Total Other Taxes in Oregon
ORTLOTHTAX
Citation
U.S. Federal Reserve, Gross Domestic Product: Rail Transportation (482) in Oregon (ORRAILTRANNGSP), retrieved from FRED.