Real Gross Domestic Product: Utilities (22) in Virginia
VAUTILRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,154.70
Year-over-Year Change
-11.92%
Date Range
1/1/2005 - 1/1/2025
Summary
The Real Gross Domestic Product: Utilities (22) in Virginia measures the economic output of the utilities sector in the state. This metric is important for economists and policymakers to understand regional economic trends and the role of different industries.
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
This series represents the real gross domestic product (GDP) of the utilities sector in Virginia. It is a key indicator of the economic health and productivity of this industry within the state. Utilities GDP provides insights into energy consumption, infrastructure investment, and the broader economic landscape.
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
Policymakers and analysts use this trend to evaluate the role of the utilities sector in Virginia's economy and inform infrastructure, energy, and economic development decisions.
Key Facts
- Virginia's utilities GDP accounts for approximately 3% of the state's total economic output.
- The utilities sector is a major employer in Virginia, accounting for over 20,000 jobs.
- Utilities GDP growth in Virginia has outpaced the national average over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the utilities sector in the state of Virginia. It provides an indicator of the economic output and productivity of this industry.
Q: Why is this trend relevant for users or analysts?
A: The utilities GDP trend is relevant for understanding regional economic conditions, energy consumption patterns, and the role of different industries in Virginia's economy. It informs policymaking and investment decisions.
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: Policymakers and analysts use this trend to evaluate the utilities sector's contribution to Virginia's economy and inform decisions related to infrastructure, energy, and economic development.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions by the Bureau of Economic Analysis, and there may be a lag of several months between the reference period and the most recent data release.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Utilities (22) in Virginia (VAUTILRQGSP), retrieved from FRED.