Gross Domestic Product: Air Transportation (481) in Virginia
VAAIRTRANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,864.10
Year-over-Year Change
86.29%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the air transportation industry in Virginia. It provides valuable insights into the performance and economic contribution of this key 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 Gross Domestic Product: Air Transportation (481) in Virginia series tracks the total economic output generated by the air transportation industry within the state. This metric is used by economists and policymakers to assess the health and growth of this critical component of Virginia's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is relevant for understanding the economic impact of the air transportation industry and informing policy decisions related to infrastructure, regulation, and industry support.
Key Facts
- Virginia's air transportation industry accounts for a significant portion of the state's economic output.
- The GDP of the air transportation sector in Virginia has shown steady growth over the past decade.
- This metric is closely monitored by policymakers and industry analysts to track the industry's performance and economic impact.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the air transportation industry in the state of Virginia, providing insights into the economic output and performance of this sector.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the economic importance of the air transportation industry in Virginia, and for informing policy decisions related to infrastructure, regulation, and industry support.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the health and growth of the air transportation industry in Virginia, and to inform decisions related to infrastructure, regulation, and industry support.
Q: Are there update delays or limitations?
A: The data is subject to the regular update schedule and potential revisions of the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Air Transportation (481) in Virginia (VAAIRTRANNGSP), retrieved from FRED.