Gross Domestic Product: Transportation and Utilities (22, 48-49) in the Southeast BEA Region
SESTTRANSUTILNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
335,053.80
Year-over-Year Change
86.47%
Date Range
1/1/1997 - 1/1/2024
Summary
The Gross Domestic Product (GDP) for the Transportation and Utilities (22, 48-49) industry in the Southeast BEA Region measures the economic output of this sector. This data provides insight into a key component of the regional 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 Transportation and Utilities (22, 48-49) industry GDP represents the total value added by businesses in sectors such as air, rail, water, and truck transportation, as well as utilities like electricity, gas, and water supply. This metric is used to assess the health and productivity of the regional transportation and infrastructure network.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of their regional GDP estimates.
Historical Context
Policy makers and economists monitor this metric to understand the broader economic conditions and development trends in the Southeast region.
Key Facts
- The Southeast region includes Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia.
- Transportation and utilities account for approximately 8% of total GDP in the Southeast region.
- This sector has seen steady growth over the past decade, reflecting investments in infrastructure and logistics.
FAQs
Q: What does this economic trend measure?
A: This metric measures the Gross Domestic Product (GDP) for the Transportation and Utilities (22, 48-49) industry in the Southeast BEA Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the productivity and health of a key economic sector in the Southeast region, which is important for assessing regional economic conditions and development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of their regional GDP estimates.
Q: How is this trend used in economic policy?
A: Policy makers and economists monitor this metric to understand broader economic conditions and development trends in the Southeast region, which can inform infrastructure investment, regulatory, and other economic policy decisions.
Q: Are there update delays or limitations?
A: The data is typically released with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Transportation and Utilities (22, 48-49) in the Southeast BEA Region (SESTTRANSUTILNGSP), retrieved from FRED.