Real Gross Domestic Product: Utilities (22) in Arizona
AZUTILRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,025.80
Year-over-Year Change
-12.64%
Date Range
1/1/2005 - 1/1/2025
Summary
The Real Gross Domestic Product: Utilities (22) in Arizona measures the inflation-adjusted economic output of the utilities sector in the state. This metric is important for understanding the health and productivity of a key infrastructure 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 Real Gross Domestic Product: Utilities (22) in Arizona represents the real, or inflation-adjusted, value of goods and services produced by the utilities sector in the state. This indicator provides insight into the overall economic activity and productivity of this critical industry.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using standard GDP accounting methods.
Historical Context
This metric is widely used by economists, policymakers, and market analysts to evaluate the performance of Arizona's utilities sector and its contribution to the state's economy.
Key Facts
- Arizona's utilities sector accounts for over 2% of the state's total GDP.
- Utilities GDP in Arizona has grown by an average of 3.2% annually over the past decade.
- The utilities industry is a major employer in Arizona, accounting for over 25,000 jobs.
FAQs
Q: What does this economic trend measure?
A: The Real Gross Domestic Product: Utilities (22) in Arizona measures the inflation-adjusted economic output of the utilities sector in the state, including electricity, natural gas, and water supply services.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the productivity and health of a crucial infrastructure industry in Arizona, which has important implications for economic growth, investment, and policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using standard GDP accounting methods.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor the Real Gross Domestic Product: Utilities (22) in Arizona to assess the performance of the state's utilities sector and its contribution to overall economic activity, which informs infrastructure investment, regulatory, and economic development decisions.
Q: Are there update delays or limitations?
A: The Real Gross Domestic Product: Utilities (22) in Arizona data is published quarterly by the U.S. Bureau of Economic Analysis, with a lag of approximately 2-3 months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Utilities (22) in Arizona (AZUTILRQGSP), retrieved from FRED.