Chain-Type Quantity Index for Real GDP: Transportation and Warehousing (48-49) in Wisconsin
WITRANSWAREQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.74
Year-over-Year Change
14.86%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Transportation and Warehousing (48-49) in Wisconsin measures the real output of the transportation and warehousing sector in the state. This metric is important for economists and policymakers to gauge the health and productivity of a key industry.
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 volume of real economic activity in the transportation and warehousing sector of Wisconsin, one of the major contributors to the state's GDP. It provides a useful barometer for monitoring the performance and trends within this critical logistics-focused industry.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using chain-type quantity indexes to adjust the nominal GDP figures for inflation.
Historical Context
Transportation and warehousing are vital to Wisconsin's economy, so this index informs decisions around infrastructure investment, workforce development, and economic policy.
Key Facts
- Transportation and warehousing accounts for over 5% of Wisconsin's GDP.
- The index has increased by 20% in the past decade, outpacing overall state GDP growth.
- Trucking is the largest component, making up 60% of the transportation and warehousing sector.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Transportation and Warehousing (48-49) in Wisconsin measures the real output or production volume of the transportation and warehousing industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into the performance and productivity of a key industry that is critical to Wisconsin's economy, informing decisions around infrastructure, workforce, and economic policy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using chain-type quantity indexes to adjust the nominal GDP figures for inflation.
Q: How is this trend used in economic policy?
A: Transportation and warehousing are vital to Wisconsin's economy, so this index informs decisions around infrastructure investment, workforce development, and other economic policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be delays in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Transportation and Warehousing (48-49) in Wisconsin (WITRANSWAREQGSP), retrieved from FRED.