Real Gross Domestic Product: Transportation and Warehousing (48-49) in the Southeast BEA Region
SESTTRANSWARERGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
167,645.40
Year-over-Year Change
33.52%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures real gross domestic product (GDP) in the transportation and warehousing sector for the Southeast region of the United States. It provides valuable insights into the region's economic activity and productivity in this crucial industry.
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 the Southeast BEA Region is an important economic indicator that tracks the output and performance of the transportation and logistics industry in the Southeast. It offers policymakers and analysts a window into the health and competitiveness of this vital component of the regional economy.
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 government agencies, businesses, and economists to assess the region's economic conditions and guide policy decisions.
Key Facts
- The Southeast region accounts for over 20% of the U.S. transportation and warehousing industry.
- Real GDP in this sector grew by 3.2% in the Southeast in 2021.
- The transportation and warehousing industry employs over 1.5 million people in the Southeast.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the transportation and warehousing sector 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 health and performance of a crucial industry within the Southeast regional economy, which is important for policymakers, businesses, and economists to monitor.
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: Government agencies, businesses, and economists closely monitor this trend to assess the region's economic conditions and guide policy decisions related to transportation, logistics, and regional economic development.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedule and potential revisions as the BEA's broader regional GDP estimates.
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Real Gross Domestic Product: Finance and Insurance (52) in the Southeast BEA Region
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Transportation and Warehousing (48-49) in the Southeast BEA Region (SESTTRANSWARERGSP), retrieved from FRED.