Leading, Slipping, Gaining, Lagging Analysis:
Assessing Transportation and Warehousing Gross Domestic Product Growth
Across States
Real* Transportation and Warehousing
Gross Domestic Product Growth
State vs Nationwide Average: 2010-2020 and 2020
Real* Transportation and Warehousing
Gross Domestic Product Growth
U.S.:
2010-2020 = 3.77%
2020 = -14.47%
Borrowing from an approach that sometimes appears in the finance sections of the popular press, LSGL analysis is a handy and versatile way to compare, portray and classify the patterns of real transportation and warehousing gross domestic product growth across all 51 states. In finance, this technique is used for comparing and assessing the market performance of individual securities or across industry sectors. For example, the performance of the 30 stocks contained within Dow are compared with one another over the past week in contrast to their performance over the past month using the Dow's respective averages as the points of reference.
Here in this United States Regional Economic Analysis Project report, we adopt this approach to gauge and compare the real transportation and warehousing gross domestic product growth of all 51 states over the latest available year (2020) against the backdrop of their growth over the long term period (2010-2020). In so doing we classify their growth and performance into 4 broad categories: Leading, Slipping, Gaining and Lagging.
Real* Transportation and Warehousing
Gross Domestic Product Growth
State vs Nationwide Average: 2010-2020 and 2020
Real* Transportation and Warehousing
Gross Domestic Product Growth
U.S.:
2010-2020 = 3.77%
2020 = -14.47%
This figure displays the 51 states of the United States as dots on a scattergram, with the vertical axis representing the average annual real transportation and warehousing gross domestic product growth rate over the long-term period (2010-2020), and the horizontal axis representing the real transportation and warehousing gross domestic product growth rate for the near-term (2020).
This figure sets apart those states whose long-term real transportation and warehousing gross domestic product growth exceeded the nationwide average of 3.77%, by portraying them in the top two quadrants demarcated at 3.77% on the vertical axis. State whose long-term average annual real transportation and warehousing gross domestic product growth rate trailed the nationwide average (3.77%) are distributed in the bottom two quadrants. In all, 19 states surpassed the nationwide average over 2010-2020, while 32 states fell below.
Similarly, the two quadrants on the right of this figure present the positions of the 22 states whose most recent (2020) real transportation and warehousing gross domestic product growth rate exceeded the nationwide average (-14.47%). The two quadrants on the left feature those 29 states whose real transportation and warehousing gross domestic product growth over 2020 trailed the nationwide average.
Accordingly, each quadrant portrays the performance of all 51 states corresponding with their long-term (2010-2020) and near-term (2020) performance relative to their respective nationwide averages of 3.77% over 2010-2020 and -14.47% over 2020:
Leading states () (top-right quadrant)...are states whose average annual real transportation and warehousing gross domestic product growth rate surpassed the nationwide average both long-term (3.77%) and near-term (-14.47%).
Slipping states () (top-left quadrant)...are states whose long-term average annual real transportation and warehousing gross domestic product growth rate exceeded the nationwide average (3.77%), but whose near-term growth has "slipped" by falling below the the United States average (-14.47%).
Gaining states () (bottom-right quadrant)...are states whose long-term average annual real transportation and warehousing gross domestic product growth rate fell below the nationwide average (3.77%), but whose near-term growth has "gained" by registering above the average (-14.47%) nationwide.
Lagging states () (bottom-left quadrant)...are states whose average annual real transportation and warehousing gross domestic product growth rate fell under the nationwide average both long-term (3.77%) and near-term (-14.47%).
   
 
Summary of United States' 51 State Totals
 
Short Term Average
 
 
Below
(-14.47%)
Above
(-14.47%)
 
Long
Term
Average
Above
(3.77%)
9
10
19
Below
(3.77%)
20
12
32
 
29
22
51
 
   
Leading States
2020 vs. 2010-2020 Averages
Leading States
white dot
U.S.:
2010-2020 = 3.77%
2020 = -14.47%
Turning attention to the top-right quadrant from the discussion above, this figure features the distribution of the United States states classified as Leading. These states surpassed the United States' average annual real transportation and warehousing gross domestic product growth both long-term (2010-2020 = 3.77%) as well as near-term (2020 = -14.47%). Each is identified by its corresponding ranking based on it's average annual real transportation and warehousing gross domestic product growth rate over 2010-2020.
Of the United States' 51 states, 10 (20%) are classified within the Leading () category. Those states ranked by their long-term average include:
Slipping States
2020 vs. 2010-2020 Averages
Slipping States
U.S.:
2010-2020 = 3.77%
2020 = -14.47%
This figure depicts the distribution of the 9 United States states classified as Slipping (top-left quadrant), in that their long-term average annual real transportation and warehousing gross domestic product growth rate outpaced the average nationwide (2010-2020 = 3.77%), while they trailed the nationwide average near-term (2020 = -14.47%). Again, each state is identified by it's corresponding ranking based on its average annual real transportation and warehousing gross domestic product growth rate over 2010-2020.
Observe that 9 (18%) of the United States' 51 states are classified as Slipping (). Those states ranked by their long-term average include:
Gaining States
2020 vs. 2010-2020 Averages
Gaining States
white dot
U.S.:
2010-2020 = 3.77%
2020 = -14.47%
This figure shows the distribution of the 12 United States states classified as Gaining (bottom-right quadrant), in that their long-term average annual real transportation and warehousing gross domestic product growth rate posted below the average nationwide (2010-2020 = 3.77%), while they outpaced the United States' average near-term (2020 = -14.47%). Again, each state is identified by its corresponding ranking based on its average annual real transportation and warehousing gross domestic product growth rate over 2010-2020.
Of the United States' 51 states, 24% (12) are featured as Gaining (). Those states ranked by their long-term average include:
Lagging States
2020 vs. 2010-2020 Averages
Lagging States
white dot
U.S.:
2010-2020 = 3.77%
2020 = -14.47%
This figure depicts the distributions of the 20 United States states classified as Lagging (bottom-left quadrant). These states trailed the nationwide average annual real transportation and warehousing gross domestic product growth both long-term (2010-2020 = 3.77%) as well as near-term (2020 = -14.47%). Again, each state is identified by its corresponding ranking based on it's average annual real transportation and warehousing gross domestic product growth rate over 2010-2020.
39% of the United States' states, 20 of 51, are characterized here as Lagging (). Those states ranked by their long-term average include:
   
 
United States
Real* Transportation and Warehousing Gross Domestic Product Growth
State vs. Nationwide Average
 
2010-2020
 
2020
 
 
Leading States
 
12
4.22
 
2
-9.52
6,775
 
10
4.35
 
3
-9.57
10,838
 
3
6.79
 
9
-12.08
12,814
 
8
4.74
 
6
-11.51
34,987
 
11
4.26
 
7
-11.71
13,398
 
13
4.14
 
5
-11.03
7,104
 
15
4.05
 
1
-7.66
13,217
 
19
3.80
 
11
-12.45
6,395
 
18
3.90
 
18
-13.82
59,364
 
9
4.70
 
4
-10.97
6,125
Slipping States
 
4
5.67
 
30
-15.33
76,105
 
7
4.91
 
50
-20.05
4,389
 
14
4.11
 
24
-14.64
9,300
 
2
6.92
 
49
-19.96
2,424
 
1
9.74
 
46
-18.90
11,358
 
5
5.08
 
36
-15.76
27,350
 
17
3.92
 
28
-14.94
5,118
 
16
4.04
 
33
-15.56
14,403
 
6
4.99
 
42
-16.87
3,465
Gaining States
 
36
2.72
 
21
-14.35
4,836
 
20
3.68
 
8
-12.05
22,421
 
21
3.66
 
16
-13.69
2,109
 
33
2.75
 
19
-13.90
11,610
 
37
2.56
 
17
-13.69
9,026
 
47
0.44
 
15
-13.66
8,154
 
28
3.02
 
13
-13.13
7,884
 
23
3.49
 
22
-14.36
10,694
 
31
2.85
 
14
-13.43
1,187
 
44
1.87
 
12
-12.96
890
 
25
3.22
 
20
-14.15
15,081
 
32
2.79
 
10
-12.09
13,118
Lagging States
 
39
2.43
 
32
-15.55
5,617
 
42
1.91
 
25
-14.78
4,767
 
22
3.58
 
29
-15.11
1,067
 
51
-0.99
 
51
-21.11
314
 
34
2.75
 
34
-15.58
30,502
 
46
1.54
 
40
-15.97
5,416
 
24
3.29
 
38
-15.83
6,039
 
48
0.41
 
41
-15.98
1,212
 
26
3.03
 
23
-14.64
3,957
 
45
1.69
 
35
-15.65
9,668
 
41
2.30
 
43
-17.31
1,976
 
29
3.01
 
47
-19.09
8,536
 
35
2.73
 
26
-14.78
20,826
 
38
2.52
 
31
-15.48
2,434
 
27
3.03
 
48
-19.22
30,046
 
30
3.00
 
37
-15.79
19,369
 
43
1.89
 
44
-17.52
1,048
 
49
0.29
 
39
-15.92
486
 
50
0.02
 
45
-18.24
1,865
 
40
2.38
 
27
-14.91
8,789
 
 
 
 
 
 
 
 
 
3.77
 
-14.47
595,872
April 2021
REAP_PI_SA1900N_510800_LSGL
 
   
Copyright © 2021. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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