Real Gross Domestic Product: Utilities (22) in Minnesota
Annual, Not Seasonally Adjusted
MNUTILRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,214.10
Year-over-Year Change
-0.19%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted series measures the annual growth rate of real gross state product in the utilities sector. This indicator provides insights into the economic performance and productivity trends of the utilities industry.
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 utilities sector plays a critical role in the broader economy, supplying essential services like electricity, natural gas, and water. The Annual, Not Seasonally Adjusted series tracks the year-over-year change in real gross state product, which reflects the overall economic output and productivity of this key industry.
Methodology
This data is collected and calculated by the U.S. Bureau of Economic Analysis using national income and product accounts.
Historical Context
Economists and policymakers monitor this metric to assess the health and growth dynamics of the utilities sector and its broader macroeconomic implications.
Key Facts
- The utilities sector accounts for approximately 2% of total U.S. gross domestic product.
- Utilities output growth is a leading indicator of broader economic conditions.
- The utilities industry is capital-intensive and highly regulated.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted series measures the year-over-year change in real gross state product for the utilities sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the economic performance and productivity of the utilities industry, which is a critical component of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using national income and product accounts.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this metric to assess the health and growth dynamics of the utilities sector and its broader macroeconomic implications.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and revisions of the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (MNUTILRGSP), retrieved from FRED.