Real Gross Domestic Product: Transportation and Warehousing (48-49) in South Carolina
SCTRANSWARERGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,309.50
Year-over-Year Change
44.27%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the real gross domestic product (GDP) of the transportation and warehousing sector in South Carolina. It provides insights into the state's logistics and supply chain 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 Real Gross Domestic Product: Transportation and Warehousing (48-49) in South Carolina series tracks the inflation-adjusted economic output of businesses in the transportation and warehousing industries across the state. It is a key indicator of logistical capacity and supply chain efficiency.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using state-level GDP figures.
Historical Context
This trend is closely monitored by policymakers, logistics firms, and economists to gauge South Carolina's economic performance and competitiveness.
Key Facts
- South Carolina is a major logistics hub on the U.S. East Coast.
- The transportation and warehousing sector accounts for over 6% of the state's GDP.
- This trend has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the transportation and warehousing sector in the state of South Carolina.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the logistics capacity and supply chain efficiency of South Carolina's economy, which is a key factor for businesses and policymakers.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using state-level GDP figures.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, logistics firms, and economists to gauge South Carolina's economic performance and competitiveness.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Transportation and Warehousing (48-49) in South Carolina (SCTRANSWARERGSP), retrieved from FRED.