Gross Domestic Product: Utilities (22) in Virginia
VAUTILNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,173.70
Year-over-Year Change
-5.68%
Date Range
1/1/2005 - 1/1/2025
Summary
The Gross Domestic Product: Utilities (22) in Virginia measures the economic output of the utilities sector in the state. This key economic indicator provides insights into Virginia's energy and infrastructure 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 Virginia is a statistical measure of the total market value of all utilities services produced within the state. It represents a crucial component of Virginia's overall economic activity and is used by policymakers and analysts to evaluate the state's energy and infrastructure sectors.
Methodology
This data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic models.
Historical Context
Trends in Virginia's utilities GDP are monitored by government agencies, investors, and businesses to assess the state's economic health and guide policy decisions.
Key Facts
- Virginia's utilities GDP accounts for 2.2% of the state's total economic output.
- Utilities GDP in Virginia grew by 3.5% in 2021 compared to the previous year.
- The utilities sector employs over 24,000 people in Virginia.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product: Utilities (22) in Virginia measures the total economic output of the utilities sector, including electricity, natural gas, water, and sewage services, within the state.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and role of Virginia's utilities infrastructure, which is crucial for supporting economic activity, population growth, and quality of life in the state.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic models.
Q: How is this trend used in economic policy?
A: Trends in Virginia's utilities GDP are monitored by government agencies, investors, and businesses to assess the state's economic health and guide policy decisions related to energy, infrastructure, and economic development.
Q: Are there update delays or limitations?
A: The data is typically released with a 1-2 quarter delay, 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 Virginia (VAUTILNQGSP), retrieved from FRED.