Gross Domestic Product: Pipeline Transportation (486) in South Dakota
SDPIPETRANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39.60
Year-over-Year Change
162.25%
Date Range
1/1/1997 - 1/1/2023
Summary
The Gross Domestic Product: Pipeline Transportation (486) in South Dakota measures the economic output of the pipeline transportation industry in the state. This metric is important for analyzing the health and growth of South Dakota's energy infrastructure and logistics sectors.
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
This series represents the total inflation-adjusted value added by the pipeline transportation industry to South Dakota's gross domestic product. It provides insight into the size and contribution of this industry to the state's overall economic activity.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional GDP by industry statistics.
Historical Context
Economists and policymakers use this metric to understand the importance of pipeline transportation to South Dakota's economy and inform infrastructure investment decisions.
Key Facts
- South Dakota's pipeline transportation industry contributed $XXX billion to state GDP in 20XX.
- Pipeline transportation accounts for X% of South Dakota's total economic output.
- The pipeline transportation sector in South Dakota has grown by X% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total economic output or value added by the pipeline transportation industry in the state of South Dakota.
Q: Why is this trend relevant for users or analysts?
A: This data is relevant for understanding the importance of energy infrastructure and logistics to South Dakota's economy, and can inform policy decisions around investment in pipeline transportation.
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 regional GDP by industry statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to gauge the contribution of pipeline transportation to South Dakota's economy and make informed decisions about infrastructure investment and energy policy in the state.
Q: Are there update delays or limitations?
A: This data is published annually by the Bureau of Economic Analysis, with some lag from the reference year.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Pipeline Transportation (486) in South Dakota (SDPIPETRANNGSP), retrieved from FRED.