Real Gross Domestic Product: Utilities (22) in Minnesota
MNUTILRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,599.70
Year-over-Year Change
-0.52%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the real gross domestic product (GDP) of the utilities sector in Minnesota. It provides valuable insights into the performance and productivity of a key industry within the state's economy.
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 Real Gross Domestic Product: Utilities (22) in Minnesota series tracks the inflation-adjusted output of the utilities industry, which includes electricity, natural gas, and water supply companies. This metric is widely used by economists and policymakers to analyze the health and growth of a specific economic sector within a state or region.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using standard GDP accounting methods.
Historical Context
This trend is relevant for understanding the broader economic conditions and policy decisions affecting Minnesota's utilities sector and its role in the state's overall economic performance.
Key Facts
- Minnesota's utilities sector accounts for approximately 3% of the state's total GDP.
- The utilities industry in Minnesota employs over 15,000 workers.
- Real GDP in the Minnesota utilities sector has grown by an average of 2.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product (GDP) of the utilities sector in the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: The Real Gross Domestic Product: Utilities (22) in Minnesota trend provides valuable insights into the performance and productivity of a critical industry within the state's economy, which is useful for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using standard GDP accounting methods.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and market analysts to understand the health and growth of Minnesota's utilities sector and its role in the broader state economy, which can inform policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 quarter delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Utilities (22) in Minnesota (MNUTILRQGSP), retrieved from FRED.