Gross Domestic Product: Transportation and Utilities (22, 48-49) in Arizona
AZTRANSUTILNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26,557.50
Year-over-Year Change
85.08%
Date Range
1/1/1997 - 1/1/2024
Summary
This series measures the gross domestic product (GDP) of the transportation and utilities sectors in Arizona. It provides valuable insights into the economic performance and infrastructure of 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
The Gross Domestic Product: Transportation and Utilities (22, 48-49) in Arizona series tracks the economic output of industries related to transportation, warehousing, and utility provision within the state. It is a key indicator of the strength and growth of these vital sectors.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and analysts use this trend to assess the health and development of Arizona's transportation and utility infrastructure.
Key Facts
- Arizona's transportation and utilities GDP was $25.6 billion in 2021.
- This sector accounts for 5.7% of Arizona's total economic output.
- The transportation and utilities GDP in Arizona has grown by 3.2% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the transportation and utilities sectors in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the performance and development of critical infrastructure industries in Arizona, which is valuable for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the health and development of Arizona's transportation and utility infrastructure, which informs decisions about investment, regulation, and economic development.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Transportation and Utilities (22, 48-49) in Arizona (AZTRANSUTILNGSP), retrieved from FRED.