Production: Energy: Production and distribution of electricity, gas, steam and air conditioning: Total for European Union (28 countries)
EU28PREND401IXOBSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.71
Year-over-Year Change
-3.82%
Date Range
1/1/1991 - 1/1/2020
Summary
This economic trend measures the total production and distribution of electricity, gas, steam, and air conditioning across the European Union (28 countries). It is an important indicator of energy and infrastructure capacity within the EU.
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 Production: Energy: Production and distribution of electricity, gas, steam and air conditioning: Total for European Union (28 countries) series tracks the output and infrastructure of the energy sector across EU member nations. It is used by economists and policymakers to analyze energy supply, demand, and efficiency within the European market.
Methodology
This data is collected through surveys and administrative records from national statistical agencies and the Eurostat agency.
Historical Context
Trends in this indicator help inform energy and economic policies at the EU level.
Key Facts
- The EU's energy production and distribution sector accounts for around 2.5% of total EU GDP.
- Electricity generation makes up the largest component of this indicator, at over 60% of total energy output.
- Natural gas is the second-largest source in the EU's energy mix, providing nearly 25% of total energy production.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total production and distribution of electricity, gas, steam, and air conditioning across the 28 member countries of the European Union.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the energy infrastructure and supply capacity within the EU, which is crucial for economic and policy analysis.
Q: How is this data collected or calculated?
A: The data is collected through surveys and administrative records from national statistical agencies and the Eurostat agency.
Q: How is this trend used in economic policy?
A: Trends in this indicator help inform energy and economic policies at the EU level, as it reflects the capacity and performance of a key infrastructure sector.
Q: Are there update delays or limitations?
A: There may be lags of several months in the availability of the latest data due to the time required for national agencies to collect and report the information.
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Citation
U.S. Federal Reserve, Production: Energy: Production and distribution of electricity, gas, steam and air conditioning: Total for European Union (28 countries) (EU28PREND401IXOBSAM), retrieved from FRED.