Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in Pennsylvania
PAOTHTRANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,751.40
Year-over-Year Change
113.47%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the gross domestic product (GDP) for the other transportation and support activities industry in Pennsylvania. It provides insight into the economic performance and growth of this sector within the state.
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 other transportation and support activities industry encompasses a range of transportation-related services, including pipeline transportation, scenic and sightseeing transportation, and support activities for transportation. This data series tracks the overall contribution of this industry to Pennsylvania's GDP, which is a key indicator of its economic significance.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional GDP estimates.
Historical Context
Policymakers and analysts use this metric to assess the health and competitiveness of Pennsylvania's transportation-related industries.
Key Facts
- Pennsylvania's other transportation and support activities industry accounts for a significant portion of the state's GDP.
- This sector has experienced steady growth in recent years, reflecting the importance of transportation infrastructure to the state's economy.
- The data is published quarterly, providing timely information on the performance of this industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) for the other transportation and support activities industry in Pennsylvania, which includes pipeline transportation, scenic and sightseeing transportation, and support activities for transportation.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the economic performance and growth of Pennsylvania's transportation-related industries, which are crucial to the state's overall economic well-being and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional GDP estimates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health and competitiveness of Pennsylvania's transportation-related industries, which informs infrastructure investments, regulatory decisions, and economic development strategies.
Q: Are there update delays or limitations?
A: The data is published quarterly, providing timely information on the performance of this industry. There may be some limitations in terms of data granularity or sectoral definitions, as with any economic metric.
Related Trends
All Employees: Education and Health Services: Ambulatory Health Care Services in Pennsylvania
SMU42000006562100001SA
Average Weekly Earnings of Production Employees: Manufacturing in Pennsylvania
SMU42000003000000030
Real Gross Domestic Product: Furniture and Related Product Manufacturing (337) in Pennsylvania
PAFURNMANRGSP
Gross Domestic Product: Manufacturing (31-33) in Pennsylvania
PAMANNQGSP
Real Gross Domestic Product: Miscellaneous Manufacturing (339) in Pennsylvania
PAMISCMANRGSP
All Employees: Transit and Ground Passenger Transportation in Pennsylvania
SMU42000004348500001A
Citation
U.S. Federal Reserve, Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in Pennsylvania (PAOTHTRANNGSP), retrieved from FRED.