Chain-Type Quantity Index for Real GDP: Other Transportation and Support Activities (487-488, 492) in Virginia
VAOTHTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
141.62
Year-over-Year Change
49.95%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Other Transportation and Support Activities (487-488, 492) in Virginia measures the volume of economic output in this sector. It is a key indicator for analysts and policymakers tracking regional economic trends.
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 index tracks the real (inflation-adjusted) quantity of economic output, including transportation, warehousing, and related support services, produced in the state of Virginia. It provides insights into the productivity and growth of this important component of the state's economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on surveys and economic modeling.
Historical Context
This metric is used by economists, businesses, and policymakers to understand the performance and trajectory of Virginia's transportation and logistics sectors.
Key Facts
- The index is based on 2012 as the reference year.
- This sector accounts for approximately 3% of Virginia's total GDP.
- The index reached a high of 115.36 in 2018.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted quantity of economic output in the transportation and support services sector in the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the productivity and growth of an important component of Virginia's economy, which is crucial for understanding regional economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on surveys and economic modeling.
Q: How is this trend used in economic policy?
A: This index is used by economists, businesses, and policymakers to track the performance and trajectory of Virginia's transportation and logistics sectors, which informs economic and infrastructure planning.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the U.S. Bureau of Economic Analysis, with a typical release delay of 2-3 months.
Related Trends
Exports of Goods for Virginia
EXPTOTVA
Real Gross Domestic Product: Real Estate (531) in Virginia
VAREALRGSP
All Employees: Government: State Government Educational Services in Virginia
SMU51000009092161101
Number of Identified Exporters to Sweden from Virginia
VASWEA475SCEN
Number of Identified Exporters to Mexico from Virginia
VAMEXA475SCEN
Transportation and Warehousing Wages and Salaries in Virginia
VAWTRA
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Other Transportation and Support Activities (487-488, 492) in Virginia (VAOTHTRANQGSP), retrieved from FRED.