Chain-Type Quantity Index for Real GDP: Utilities (22) in the District of Columbia
DCUTILQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
111.39
Year-over-Year Change
9.93%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Utilities (22) in the District of Columbia measures the volume of economic output from the utilities sector in the region. This metric is important for economists and policymakers to assess economic activity and trends.
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 real, inflation-adjusted output of the utilities industry in Washington, D.C. It is used to analyze productivity, growth, and the overall health of this key economic sector within the broader District of Columbia economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted approach to measure real GDP by industry.
Historical Context
Economists and market analysts monitor this utilities output index to gauge the performance of a critical infrastructure sector and its contribution to the District's economic conditions.
Key Facts
- This index has a base year of 2012.
- Utilities account for approximately 2% of D.C.'s total GDP.
- The index reached a record high in 2019 before declining during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output volume of the utilities industry in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing the productivity, growth, and overall health of a critical infrastructure sector within the D.C. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted approach to measure real GDP by industry.
Q: How is this trend used in economic policy?
A: Economists and market analysts monitor this utilities output index to gauge the performance of a key sector and its contribution to the District's economic conditions.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, with a typical 2-3 month delay.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Utilities (22) in the District of Columbia (DCUTILQGSP), retrieved from FRED.