Gross Domestic Product: Private Industries in the Southeast BEA Region
Annual, Not Seasonally Adjusted
SESTPINGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,740,901.60
Year-over-Year Change
93.26%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted series measures the total value of freight shipments carried by all U.S. transportation modes. It provides insights into the overall level of economic activity and the performance of the logistics and transportation 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 economic indicator tracks the total revenue from freight transportation services across various modes, including truck, rail, air, and water. It is a broad measure of the volume and value of goods being moved through the U.S. supply chain, which is a critical component of economic production and trade.
Methodology
The data is collected by the U.S. Bureau of Transportation Statistics through surveys of transportation companies.
Historical Context
Policymakers and analysts use this metric to assess the health of the logistics industry and broader economic conditions.
Key Facts
- The total value of freight shipments was over $1.2 trillion in 2021.
- Truck transportation accounts for the largest share of freight revenue at around 80%.
- Freight shipment volumes are a leading indicator of economic trends and business investment.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted series measures the total value of freight shipments carried by all transportation modes in the United States.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the overall level of economic activity, as freight shipment volumes are closely tied to production, trade, and business investment.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Transportation Statistics through surveys of transportation companies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health of the logistics industry and broader economic conditions, as it serves as a leading indicator of economic trends.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of several months, and it does not capture some types of freight movements, such as courier services or private fleets.
Related Trends
Chain-Type Quantity Index for Real GDP: Real Estate and Rental and Leasing (53) in the Southeast BEA Region
SESTRERENTLEAQQGSP
Real Gross Domestic Product: Air Transportation (481) in the Southeast BEA Region
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Chain-Type Quantity Index for Real GDP: Manufacturing (31-33) in the Southeast BEA Region
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Chain-Type Quantity Index for Real GDP: Mining, Quarrying, and Oil and Gas Extraction (21) in the Southeast BEA Region
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Real Gross Domestic Product: Arts, Entertainment, Recreation, Accommodation, and Food Services (71, 72) in the Southeast BEA Region
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Per Capita Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for Southeast BEA Region
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SESTPINGSP), retrieved from FRED.