Chain-Type Quantity Index for Real GDP: Utilities (22) in Alabama
ALUTILQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.58
Year-over-Year Change
7.12%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Utilities (22) in Alabama measures the volume of economic output from the utilities sector in Alabama, adjusted for inflation. This indicator provides insights into the health and productivity of the state's utilities 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
The Chain-Type Quantity Index for Real GDP: Utilities (22) in Alabama is a measure of the real, inflation-adjusted output of the utilities sector in the state. It tracks changes in the physical volume of economic activity, rather than just monetary values, allowing for more accurate analysis of productivity and growth trends.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology.
Historical Context
This index is used by economists, policymakers, and businesses to assess the performance and outlook of Alabama's utilities sector and its contribution to the state's overall economic activity.
Key Facts
- Alabama's utilities sector accounts for approximately 2% of the state's total GDP.
- The utilities index has grown by an average of 1.5% annually over the past decade.
- Fluctuations in this index are closely watched as an indicator of broader economic trends in Alabama.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Utilities (22) in Alabama measures the real, inflation-adjusted output of the utilities sector in the state, providing insights into the productivity and growth of this industry.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of the health and performance of Alabama's utilities sector, which is a key component of the state's overall economic activity. It helps analysts and policymakers assess the industry's contribution to the broader economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology to track changes in the physical volume of economic output from the utilities sector in Alabama.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and businesses use this index to monitor the performance and outlook of Alabama's utilities sector, which can inform decisions related to infrastructure investment, energy policy, and broader economic planning.
Q: Are there update delays or limitations?
A: The Chain-Type Quantity Index for Real GDP: Utilities (22) in Alabama is updated quarterly by the U.S. Bureau of Economic Analysis, with a typical release delay of 2-3 months. The data may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Utilities (22) in Alabama (ALUTILQQGSP), retrieved from FRED.