Chain-Type Quantity Index for Real GDP: Rail Transportation (482) in Pennsylvania
PARAILTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
91.21
Year-over-Year Change
-4.07%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Rail Transportation (482) in Pennsylvania measures the output of the rail transportation sector in the state's economy. This indicator provides insights into the health and productivity of a key logistics industry.
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 changes in the real, inflation-adjusted output of the rail transportation industry in Pennsylvania over time. This metric is used by economists and policymakers to assess the performance and economic impact of the state's rail infrastructure and logistics sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting frameworks.
Historical Context
Trends in this index can inform infrastructure investment decisions, freight policy, and economic development strategies.
Key Facts
- The index uses 2012 as the base year.
- Rail transportation accounts for 0.4% of Pennsylvania's real GDP.
- The index reached its highest point of 115.42 in 2018.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Rail Transportation (482) in Pennsylvania measures the real, inflation-adjusted output of the rail transportation industry in the state's economy.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the performance and economic impact of Pennsylvania's rail infrastructure and logistics sector, which is crucial for informing investment decisions, freight policy, and economic development strategies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting frameworks.
Q: How is this trend used in economic policy?
A: Trends in this index can inform infrastructure investment decisions, freight policy, and economic development strategies at the state and local level in Pennsylvania.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Rail Transportation (482) in Pennsylvania (PARAILTRANQGSP), retrieved from FRED.