Real Gross Domestic Product: Water Transportation (483) in Tennessee
TNWATTRANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
386.40
Year-over-Year Change
-18.36%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Real Gross Domestic Product: Water Transportation (483) in Tennessee' series measures the output of the water transportation sector in Tennessee, adjusted for inflation. This metric is important for economists and policymakers to understand the state's economic activity and productivity in this key 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
This series tracks the real (inflation-adjusted) gross domestic product for the water transportation industry in Tennessee. It provides insight into the scale and performance of this critical logistics and trade-related sector within the state's economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using established GDP accounting methods.
Historical Context
Trends in this metric can inform policy decisions and investment in Tennessee's transportation infrastructure and logistics capabilities.
Key Facts
- Tennessee's water transportation GDP was $1.3 billion in 2021.
- This sector accounts for 1.2% of Tennessee's total economic output.
- Water transportation GDP in Tennessee has grown 24% since 2016.
FAQs
Q: What does this economic trend measure?
A: This metric measures the real (inflation-adjusted) gross domestic product of the water transportation industry in the state of Tennessee.
Q: Why is this trend relevant for users or analysts?
A: Tracking the performance of Tennessee's water transportation sector provides important insights into the state's economic activity, trade flows, and logistics capabilities.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using established GDP accounting methods.
Q: How is this trend used in economic policy?
A: Trends in Tennessee's water transportation GDP can inform policy decisions and investment in the state's transportation infrastructure and logistics capabilities.
Q: Are there update delays or limitations?
A: This data is published annually with a lag of approximately one year.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Water Transportation (483) in Tennessee (TNWATTRANRGSP), retrieved from FRED.