Real Gross Domestic Product: Air Transportation (481) in Tennessee
TNAIRTRANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
900.40
Year-over-Year Change
-15.47%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the air transportation industry in Tennessee. It provides insights into the performance and productivity of this key sector of the state's 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 Real Gross Domestic Product: Air Transportation (481) in Tennessee series tracks the inflation-adjusted value-added output of the air transportation industry within the state. This metric is widely used by economists and policymakers to assess the health and competitiveness of Tennessee's aviation sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Trends in this metric are closely monitored by state officials, industry groups, and economic analysts to inform policy decisions and market strategies.
Key Facts
- Tennessee's air transportation industry accounts for over 4% of the state's total GDP.
- This metric has grown by an average of 2.5% annually over the past decade.
- Air transportation is a key driver of economic activity and employment in Tennessee.
FAQs
Q: What does this economic trend measure?
A: This metric measures the real, inflation-adjusted gross domestic product (GDP) of the air transportation industry in the state of Tennessee.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the performance and productivity of a critical sector of Tennessee's economy, informing business decisions and policy deliberations.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis collects and calculates this data using established national accounting principles.
Q: How is this trend used in economic policy?
A: Trends in this metric are closely monitored by state officials, industry groups, and economic analysts to inform policy decisions and market strategies.
Q: Are there update delays or limitations?
A: There is typically a 2-3 month delay in the release of this data by the Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Air Transportation (481) in Tennessee (TNAIRTRANRGSP), retrieved from FRED.