Gross Domestic Product: Pipeline Transportation (486) in Pennsylvania
PAPIPETRANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,757.40
Year-over-Year Change
209.84%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the GDP contribution of the pipeline transportation industry in Pennsylvania, providing insights into a critical component of the state's energy infrastructure and logistics network.
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: Pipeline Transportation (486) in Pennsylvania metric tracks the economic output and value-added by companies engaged in the transportation of natural gas, crude oil, and refined petroleum products via pipeline networks within the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their state-level GDP by industry statistics.
Historical Context
This metric is useful for analyzing the role of energy infrastructure in Pennsylvania's economy and can inform policy decisions around energy, transportation, and economic development.
Key Facts
- Pennsylvania is a major energy producing and transportation hub.
- Pipeline transport accounts for a significant portion of the state's economic output.
- This metric can indicate the health and investment in critical energy infrastructure.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Gross Domestic Product (GDP) contribution of the pipeline transportation industry in the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the economic importance of energy infrastructure and logistics within Pennsylvania, which can inform policy and investment decisions.
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 their state-level GDP by industry statistics.
Q: How is this trend used in economic policy?
A: This metric can be used by policymakers, economists, and industry analysts to assess the role of energy transportation infrastructure in Pennsylvania's economy and guide related policy decisions.
Q: Are there update delays or limitations?
A: There may be a lag in the data availability due to the time required for data collection and publication by the Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Pipeline Transportation (486) in Pennsylvania (PAPIPETRANNGSP), retrieved from FRED.