Real Gross Domestic Product: Warehousing and Storage (493) in the Southeast BEA Region
SESTWARESTORRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,992.10
Year-over-Year Change
101.67%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) of the warehousing and storage industry in the Southeast Bureau of Economic Analysis (BEA) region. It provides insights into the economic activity and productivity of this critical logistics 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 Real Gross Domestic Product: Warehousing and Storage (493) in the Southeast BEA Region tracks the inflation-adjusted output of warehousing and storage companies located in the Southeastern United States. This metric is used by economists and policymakers to assess the health and competitiveness of the regional logistics infrastructure.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This economic indicator helps inform decisions around infrastructure investment, economic development, and supply chain management in the Southeast.
Key Facts
- The Southeast region accounts for over 20% of total U.S. warehousing and storage GDP.
- Warehousing and storage GDP in the Southeast has grown by over 30% in the past decade.
- The logistics industry is a major employer in the Southeast, with over 500,000 jobs in warehousing and storage alone.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product of the warehousing and storage industry in the Southeast region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the economic productivity and competitiveness of the critical logistics sector in the Southeast, which is crucial for understanding regional economic performance and informing infrastructure and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and industry analysts to inform decisions around infrastructure investment, economic development, and supply chain management in the Southeast region.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months, and may be subject to periodic revisions by the statistical agency.
Related Trends
Personal Consumption Expenditures: Total for Southeast BEA Region
SESTPCE
Real Gross Domestic Product: Rail Transportation (482) in the Southeast BEA Region
SESTRAILTRANRGSP
Gross Domestic Product: Food Services and Drinking Places (722) in the Southeast BEA Region
SESTFOODDPNGSP
Gross Domestic Product: Transportation and Warehousing (48-49) in the Southeast BEA Region
SESTTRANSWARENGSP
Real Gross Domestic Product: Plastics and Rubber Products Manufacturing (326) in the Southeast BEA Region
SESTPLASRUBMANRGSP
Real Gross Domestic Product: Government and Government Enterprises (92) in the Southeast BEA Region
SESTGOVRQGSP
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Warehousing and Storage (493) in the Southeast BEA Region (SESTWARESTORRGSP), retrieved from FRED.