Gross Domestic Product: Transportation and Warehousing (48-49) in the Southeast BEA Region
SESTTRANSWARENGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
229,498.20
Year-over-Year Change
106.55%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the Gross Domestic Product (GDP) for the transportation and warehousing industry (sectors 48-49) in the Southeast region of the United States. It provides valuable insights into the performance and growth of this crucial economic sector.
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 Gross Domestic Product: Transportation and Warehousing (48-49) in the Southeast BEA Region is an important economic indicator that tracks the total output of goods and services produced by the transportation and warehousing industry in the Southeast region. This data is used by economists, policymakers, and businesses to analyze regional economic trends and inform decision-making.
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
This trend is closely monitored by policymakers and industry analysts to assess the health and competitiveness of the transportation and logistics sector 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 warehousing account for approximately 5% of the Southeast region's total GDP.
- This sector has seen steady growth in the Southeast over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Gross Domestic Product (GDP) for the transportation and warehousing industry (sectors 48-49) in the Southeast region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the performance and growth of the transportation and logistics sector, which is a critical component of the regional economy. It is closely monitored by policymakers and industry analysts.
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: This trend is used by policymakers and economists to assess the health and competitiveness of the transportation and logistics sector in the Southeast region, which informs economic and infrastructure planning decisions.
Q: Are there update delays or limitations?
A: The data is typically released by the BEA on a quarterly basis, with a lag of several months. There may be revisions to historical data as more information becomes available.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Transportation and Warehousing (48-49) in the Southeast BEA Region (SESTTRANSWARENGSP), retrieved from FRED.