Real Gross Domestic Product: Transportation and Warehousing (48-49) in South Dakota
SDTRANSWARERQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,227.30
Year-over-Year Change
2.58%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic indicator measures the real gross domestic product (GDP) from the transportation and warehousing sector in South Dakota. It provides insight into the productivity and growth of this key industry within the state's economy.
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 Dakota series tracks the inflation-adjusted value added by businesses in the transportation and warehousing industry. It is a measure of economic output and a key indicator of sector-level performance.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This metric is used by economists, policymakers, and industry analysts to assess the health and competitiveness of South Dakota's logistics and distribution sectors.
Key Facts
- South Dakota's transportation and warehousing sector accounts for over 4% of the state's total GDP.
- Real GDP in this industry has grown by an average of 2.5% annually over the past decade.
- The sector employs more than 30,000 South Dakotans, or about 7% of the state's workforce.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the real (inflation-adjusted) gross domestic product originating from the transportation and warehousing industry in the state of South Dakota.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the productivity and competitiveness of a key sector of South Dakota's economy, which has important implications for logistics, infrastructure, and economic development planning.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting methodologies.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this metric to assess the health and growth of South Dakota's transportation and logistics sectors, which informs decisions around infrastructure investment, workforce development, and regulatory policy.
Q: Are there update delays or limitations?
A: This data is published quarterly by the U.S. Bureau of Economic Analysis, with a lag of approximately 3 months from the end of the reference period.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Transportation and Warehousing (48-49) in South Dakota (SDTRANSWARERQGSP), retrieved from FRED.