Gross Domestic Product: Utilities (22) in the Great Lakes BEA Region
GLAKUTILNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
63,981.10
Year-over-Year Change
14.63%
Date Range
1/1/2005 - 1/1/2025
Summary
The Gross Domestic Product: Utilities (22) in the Great Lakes BEA Region is an economic indicator that measures the total output of the utilities industry in the Great Lakes region of the United States. This metric is important for understanding regional economic trends and energy sector performance.
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 Gross Domestic Product: Utilities (22) in the Great Lakes BEA Region represents the economic output of the utilities industry, which includes electricity, natural gas, water, and waste management services. This data provides insight into the energy and infrastructure sector of the regional economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional GDP estimates.
Historical Context
This economic trend is used by policymakers, analysts, and businesses to assess the performance and outlook of the utilities industry in the Great Lakes region.
Key Facts
- The Great Lakes region includes Illinois, Indiana, Michigan, Ohio, and Wisconsin.
- The utilities industry accounts for approximately 2% of the region's total GDP.
- Utilities GDP in the Great Lakes region has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product: Utilities (22) in the Great Lakes BEA Region measures the total economic output of the utilities industry, including electricity, natural gas, water, and waste management services, in the Great Lakes region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and outlook of the energy and infrastructure sector in the Great Lakes region, which is crucial for understanding regional economic dynamics and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional GDP estimates.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and businesses use this economic trend to assess the performance and outlook of the utilities industry in the Great Lakes region, which informs decision-making related to energy, infrastructure, and regional economic development.
Q: Are there update delays or limitations?
A: The Gross Domestic Product: Utilities (22) in the Great Lakes BEA Region data is typically updated on a quarterly basis, with a delay of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Utilities (22) in the Great Lakes BEA Region (GLAKUTILNQGSP), retrieved from FRED.