Chain-Type Quantity Index for Real GDP: Transportation and Utilities (22, 48-49) in Connecticut
CTTRANSUTILQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.20
Year-over-Year Change
5.22%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Transportation and Utilities (22, 48-49) in Connecticut measures the real economic output of the transportation and utilities sectors in the state. This metric is important for understanding trends in key infrastructure industries and their contribution to overall state 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 index tracks the volume of real gross domestic product (GDP) generated by the transportation and utilities sectors in Connecticut. It provides insight into the productivity and efficiency of critical state infrastructure systems that support broader economic activity.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using state-level GDP figures and industry classifications.
Historical Context
Policymakers and analysts use this metric to assess the health and performance of Connecticut's transportation and utilities sectors and their impact on the overall state economy.
Key Facts
- The index is based on 2012 dollars.
- Transportation and utilities account for around 8% of Connecticut's total GDP.
- The index has shown moderate growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted economic output of the transportation and utilities sectors in the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the productivity and health of key infrastructure industries in Connecticut, which is crucial for understanding the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using state-level GDP figures and industry classifications.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the contribution of the transportation and utilities sectors to Connecticut's economy and inform infrastructure investment and regulatory decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, and 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: Transportation and Utilities (22, 48-49) in Connecticut (CTTRANSUTILQGSP), retrieved from FRED.