Chain-Type Quantity Index for Real GDP: Transit and Ground Passenger Transportation (485) in Wisconsin
WITRANGRNDTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
139.86
Year-over-Year Change
56.40%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Transit and Ground Passenger Transportation (485) in Wisconsin measures the inflation-adjusted output of the transit and ground passenger transportation industry in the state.
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 changes in the real volume of goods and services produced by the transit and ground passenger transportation sector in Wisconsin, providing insights into the productivity and economic health of this important industry.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type index formula.
Historical Context
Policymakers and industry analysts use this metric to assess the contribution of the transportation sector to Wisconsin's overall economic growth.
Key Facts
- The index is based on 2012 as the reference year.
- Transit and ground passenger transportation accounts for about 1% of Wisconsin's GDP.
- The index has shown steady growth in the sector over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the inflation-adjusted output of the transit and ground passenger transportation industry in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the productivity and economic health of an important transportation sector within Wisconsin's economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type index formula.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this metric to assess the contribution of the transportation sector to Wisconsin's overall economic growth.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions by the source agency.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Transit and Ground Passenger Transportation (485) in Wisconsin (WITRANGRNDTRANQGSP), retrieved from FRED.