Real Gross Domestic Product: Water Transportation (483) in the Southeast BEA Region
SESTWATTRANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,841.70
Year-over-Year Change
4.16%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures real gross domestic product (GDP) for the water transportation industry in the Southeast BEA region of the United States. It provides insights into the productivity and economic output of the regional water transportation 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: Water Transportation (483) in the Southeast BEA Region series tracks the inflation-adjusted economic output of water transportation businesses, such as shipping, ports, and related services, within the Southeast region. This metric is used by economists and policymakers to analyze regional industry performance and guide economic development strategies.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This regional economic indicator is relevant for assessing the health and competitiveness of the Southeast's maritime industry and its role in the broader economy.
Key Facts
- The Southeast region includes Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia.
- Water transportation is a key component of the Southeast's logistics and supply chain infrastructure.
- This metric can signal shifts in regional trade, industrial production, and economic development.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product (GDP) for the water transportation industry in the Southeast region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This regional economic indicator provides insights into the productivity and performance of the Southeast's maritime sector, which is crucial for trade, logistics, and economic development in the region.
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: Policymakers and economists use this metric to assess the competitiveness and growth of the Southeast's water transportation industry, which informs economic development strategies and infrastructure investment decisions.
Q: Are there update delays or limitations?
A: There may be lags in data availability, as the series is updated periodically by the Bureau of Economic Analysis based on the latest economic information.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Water Transportation (483) in the Southeast BEA Region (SESTWATTRANRGSP), retrieved from FRED.