Gross Domestic Product: Rail Transportation (482) in Wisconsin
WIRAILTRANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,064.30
Year-over-Year Change
84.23%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the rail transportation industry in the state of Wisconsin. It provides valuable insights into the performance and contribution of this key infrastructure sector to the state's overall economic activity.
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: Rail Transportation (482) in Wisconsin series represents the total economic output generated by the rail transportation industry within the state. This metric is widely used by economists, policymakers, and industry analysts to assess the health and importance of the rail transportation sector in Wisconsin's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) using established national accounting principles.
Historical Context
This economic trend is closely monitored by government agencies, transportation planners, and industry stakeholders to inform infrastructure investment decisions and economic development strategies.
Key Facts
- Wisconsin's rail transportation industry accounts for over $2 billion in GDP annually.
- Rail transportation GDP in Wisconsin has grown by 25% over the past decade.
- The rail sector represents approximately 1.5% of Wisconsin's total economic output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) generated by the rail transportation industry in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the economic importance and performance of Wisconsin's rail transportation sector, which is a crucial component of the state's overall infrastructure and economic development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) using established national accounting principles.
Q: How is this trend used in economic policy?
A: This trend is used by government agencies, transportation planners, and industry stakeholders to inform infrastructure investment decisions and economic development strategies in Wisconsin.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis by the BEA, with some potential for minor delays in data availability.
Related Trends
All Employees: Manufacturing: Non-Durable Goods: Food Manufacturing in Wisconsin
SMU55000003231100001SA
Average Hourly Earnings of All Employees: Other Services in Wisconsin
SMU55000008000000003
Gross Domestic Product: Accommodation (721) in Wisconsin
WIACCOMDNGSP
Personal Consumption Expenditures: Services: Food Services and Accommodations for Wisconsin
WIPCEFDSRVACCMD
Regional Price Parities: Services: Other for Wisconsin
WIRPPSERVEOTH
Gross Domestic Product: State and Local in Wisconsin
WIGOVSLNGSP
Citation
U.S. Federal Reserve, Gross Domestic Product: Rail Transportation (482) in Wisconsin (WIRAILTRANNGSP), retrieved from FRED.