Real Gross Domestic Product: Utilities (22) in Virginia
VAUTILRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,905.40
Year-over-Year Change
-5.46%
Date Range
1/1/1997 - 1/1/2024
Summary
This series measures the real gross domestic product (GDP) of the utilities sector in Virginia. It is an important indicator of economic activity and productivity in 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 GDP of the utilities sector in Virginia provides insights into the performance and growth of this key industry. It is used by economists and policymakers to analyze economic trends and make informed decisions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Trends in utilities GDP are closely monitored for their implications on energy policy, infrastructure investment, and overall state economic conditions.
Key Facts
- Virginia's utilities sector accounts for approximately 2% of the state's total GDP.
- Utilities GDP has grown by an average of 1.5% annually over the past decade.
- The utilities industry is a major employer in Virginia, supporting over 20,000 jobs.
FAQs
Q: What does this economic trend measure?
A: This series measures the real gross domestic product (GDP) of the utilities sector in the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: Trends in utilities GDP provide insights into the performance and growth of this key industry, which is important 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 established national accounting principles.
Q: How is this trend used in economic policy?
A: Utilities GDP trends are closely monitored for their implications on energy policy, infrastructure investment, and overall state economic conditions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Utilities (22) in Virginia (VAUTILRGSP), retrieved from FRED.