Real Gross Domestic Product: Transportation and Utilities (22, 48-49) in Utah
UTTRANSUTILRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,874.70
Year-over-Year Change
74.82%
Date Range
1/1/1997 - 1/1/2024
Summary
This trend measures the real gross domestic product (GDP) of the transportation and utilities sector in Utah. It provides insights into the economic performance and productivity of this key industry within the state.
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: Transportation and Utilities (22, 48-49) in Utah series tracks the inflation-adjusted value-added output of the transportation and utilities industry in the state. It is a important indicator of economic activity and can inform policy decisions and business strategies.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Historical Context
This metric is widely used by economists, policymakers, and industry analysts to assess the health and competitiveness of Utah's transportation and utilities sectors.
Key Facts
- Utah's transportation and utilities sector accounts for over 7% of the state's total GDP.
- This industry has seen steady growth of around 3% annually over the past decade.
- The data is released quarterly with a 2-month lag.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product (GDP) of the transportation and utilities sector in the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the performance and productivity of a key industry within Utah's economy, which can inform policy decisions and business strategies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and industry analysts to assess the health and competitiveness of Utah's transportation and utilities sectors.
Q: Are there update delays or limitations?
A: The data is released quarterly with a 2-month lag.
Related Trends
Per Capita Personal Consumption Expenditures: Nondurable Goods: Clothing and Footwear for Utah
UTPCEPCCLTH
Interbank Deposits in All Commercial Banks in Utah
X08IOACBIUT
Chain-Type Quantity Index for Real GDP: Amusement, Gambling, and Recreation Industries (713) in Utah
UTAMUSEQGSP
Imports of Goods for Utah
IMPTOTUT
All Employees: Food Services and Drinking Places in Utah
SMU49000007072200001A
Real Gross Domestic Product: Administrative and Support and Waste Management and Remediation Services (56) in Utah
UTADMINWASTRGSP
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Transportation and Utilities (22, 48-49) in Utah (UTTRANSUTILRGSP), retrieved from FRED.