Real Gross Domestic Product: Utilities (22) in the District of Columbia
DCUTILRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,455.90
Year-over-Year Change
9.93%
Date Range
1/1/1997 - 1/1/2024
Summary
The Real Gross Domestic Product: Utilities (22) in the District of Columbia measures the inflation-adjusted economic output of the utilities industry in the District. This metric is closely watched by economists and policymakers as an indicator of the District's economic health and energy consumption 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 series represents the real, or inflation-adjusted, gross domestic product (GDP) originating in the utilities industry within the District of Columbia. Utilities GDP is a key component of overall state-level economic activity and provides insight into energy usage, infrastructure investment, and the efficiency of the power grid.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using industry-level production and pricing information.
Historical Context
This metric helps inform energy and infrastructure policy decisions in the District and can signal broader economic trends across the region.
Key Facts
- Utilities GDP represents about 2% of the District's total economic output.
- The District's utilities GDP has grown by over 20% since 2010.
- Electricity and natural gas are the largest components of the District's utilities sector.
FAQs
Q: What does this economic trend measure?
A: This series measures the real, inflation-adjusted gross domestic product (GDP) originating in the utilities industry within the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into energy usage, infrastructure investment, and the efficiency of the District's power grid, which are important factors for economic and policy analysis.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using industry-level production and pricing information.
Q: How is this trend used in economic policy?
A: This metric helps inform energy and infrastructure policy decisions in the District and can signal broader economic trends across the region.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Utilities (22) in the District of Columbia (DCUTILRGSP), retrieved from FRED.