Chain-Type Quantity Index for Real GDP: Utilities (22) in North Carolina
NCUTILQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.01
Year-over-Year Change
4.63%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Utilities (22) in North Carolina measures the real output of the utilities industry in the state. This metric is important for economists and policymakers to understand industry-level economic trends and growth.
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 Chain-Type Quantity Index for Real GDP: Utilities (22) in North Carolina tracks the real, inflation-adjusted output of the utilities sector, including electricity, natural gas, and water supply. This index is a key indicator of the health and productivity of a major North Carolina industry.
Methodology
The index is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology to measure real GDP at the industry level.
Historical Context
This data is used by economists, analysts, and policymakers to assess the performance and contribution of the utilities industry within the broader North Carolina economy.
Key Facts
- North Carolina's utilities sector accounts for over 2% of the state's total GDP.
- Utilities output has grown by an average of 3.2% annually in North Carolina over the past decade.
- Electricity generation is the largest component of the utilities industry in the state.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Utilities (22) in North Carolina measures the real, inflation-adjusted output of the utilities industry in the state, including electricity, natural gas, and water supply.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the performance and contribution of a key industry within the North Carolina economy. It provides insights into utilities sector growth and productivity that are relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology to measure real GDP at the industry level.
Q: How is this trend used in economic policy?
A: This data on utilities output is used by economists, analysts, and policymakers to assess the performance and contribution of the utilities industry within the broader North Carolina economy, informing economic policy decisions.
Q: Are there update delays or limitations?
A: The Chain-Type Quantity Index for Real GDP: Utilities (22) in North Carolina is published quarterly by the U.S. Bureau of Economic Analysis, with a typical 2-3 month delay from the end of the reference period.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Utilities (22) in North Carolina (NCUTILQGSP), retrieved from FRED.