Gross Domestic Product: Rail Transportation (482) in South Carolina
SCRAILTRANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
361.20
Year-over-Year Change
28.50%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic indicator measures the gross domestic product (GDP) of the rail transportation industry in South Carolina. It is an important metric for understanding the performance and economic contribution 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 Gross Domestic Product: Rail Transportation (482) in South Carolina series tracks the total value of goods and services produced by the rail transportation industry in the state. This data provides insights into the economic health and productivity of this critical transportation infrastructure.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and industry analysts use this metric to evaluate the rail sector's role in South Carolina's economy.
Key Facts
- South Carolina's rail transportation GDP was $1.23 billion in 2021.
- The rail industry accounts for 1.7% of South Carolina's total economic output.
- Rail transportation GDP in South Carolina has grown by 4.2% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the gross domestic product (GDP) of the rail transportation industry in the state of South Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the economic health and productivity of South Carolina's critical rail transportation infrastructure, which is important for policymakers and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this metric to evaluate the rail sector's role and performance within South Carolina's overall economy.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Bureau of Economic Analysis, but may have a delay of several months before the latest figures are available.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Rail Transportation (482) in South Carolina (SCRAILTRANNGSP), retrieved from FRED.