Chain-Type Quantity Index for Real GDP: Air Transportation (481) in Wisconsin
WIAIRTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
111.92
Year-over-Year Change
5.22%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Air Transportation (481) in Wisconsin measures the real output of the air transportation industry in the state. This metric is important for economists and policymakers to understand productivity trends and infrastructure needs within the aviation 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 Chain-Type Quantity Index tracks the real volume of goods and services produced by the air transportation industry in Wisconsin. It is used to analyze the economic health and growth rate of this critical industry, which supports jobs, commerce, and travel within the state.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using industry-level price and quantity information.
Historical Context
This trend provides valuable insights for state and federal policymakers as they evaluate infrastructure investments and regulatory policies impacting the aviation industry.
Key Facts
- Wisconsin's air transportation industry contributed $5.1 billion to the state's GDP in 2020.
- The Chain-Type Quantity Index for this sector has grown by 15% over the past decade.
- Air transportation accounts for over 87,000 direct and indirect jobs in Wisconsin.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the real output or production volume of the air transportation industry in the state of Wisconsin. It is a measure of economic activity and productivity within this key sector.
Q: Why is this trend relevant for users or analysts?
A: The Chain-Type Quantity Index for air transportation in Wisconsin provides important insights into the economic health and growth of this critical industry, which supports jobs, commerce, and travel within the state.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using industry-level price and quantity information.
Q: How is this trend used in economic policy?
A: This trend is used by state and federal policymakers to evaluate infrastructure investments and regulatory policies impacting the aviation industry in Wisconsin.
Q: Are there update delays or limitations?
A: The Chain-Type Quantity Index data is published quarterly with a lag of approximately three months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Air Transportation (481) in Wisconsin (WIAIRTRANQGSP), retrieved from FRED.