Gross Domestic Product: Warehousing and Storage (493) in Wisconsin
WIWARESTORNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,017.90
Year-over-Year Change
127.04%
Date Range
1/1/1997 - 1/1/2023
Summary
The Gross Domestic Product: Warehousing and Storage (493) in Wisconsin measures the economic output of the warehousing and storage industry in the state. This metric provides insight into the logistics and distribution sector, which is crucial for understanding regional 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
This series represents the inflation-adjusted gross domestic product (GDP) contribution of the warehousing and storage industry in Wisconsin. It is a key indicator of the scale and productivity of the state's logistics infrastructure, which supports broader economic growth and competitiveness.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional GDP estimates.
Historical Context
Policymakers and businesses can use this metric to assess the performance and strategic importance of Wisconsin's warehousing and distribution capabilities.
Key Facts
- Wisconsin's warehousing GDP was $3.8 billion in 2021.
- The state's warehousing sector has grown by 20% since 2015.
- Warehousing accounts for 1.7% of Wisconsin's total economic output.
FAQs
Q: What does this economic trend measure?
A: This metric measures the gross domestic product (GDP) contribution of the warehousing and storage industry in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the scale and productivity of Wisconsin's logistics infrastructure, which is a key driver of the state's overall economic activity and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional GDP estimates.
Q: How is this trend used in economic policy?
A: Policymakers and businesses can use this metric to assess the performance and strategic importance of Wisconsin's warehousing and distribution capabilities.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically 1-2 quarters behind the current period.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Warehousing and Storage (493) in Wisconsin (WIWARESTORNGSP), retrieved from FRED.