Real Gross Domestic Product: Utilities (22) in Wisconsin
WIUTILRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,249.80
Year-over-Year Change
8.80%
Date Range
1/1/2005 - 1/1/2025
Summary
The Real Gross Domestic Product: Utilities (22) in Wisconsin measures the inflation-adjusted output of the utilities sector in the state's economy. This metric is crucial for understanding trends in energy production, consumption, and investment.
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: Utilities (22) in Wisconsin represents the total value of goods and services produced by the utilities industry in the state, adjusted for changes in prices. This data point is widely used by economists, policymakers, and market analysts to assess the health and productivity of the energy sector.
Methodology
The data is collected and calculated by the U.S. Federal Reserve using established national accounting principles.
Historical Context
This economic trend is closely monitored for its implications on energy policy, consumer prices, and business investment decisions.
Key Facts
- The utilities sector accounts for approximately 2% of Wisconsin's GDP.
- Real GDP for Wisconsin utilities has grown by 15% over the past decade.
- Utilities are a major employer in the state, with over 20,000 workers.
FAQs
Q: What does this economic trend measure?
A: The Real Gross Domestic Product: Utilities (22) in Wisconsin measures the inflation-adjusted output of the utilities sector, including electricity, natural gas, and water supply, in the state's economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding the health and productivity of Wisconsin's energy sector, which has important implications for consumer prices, business investment, and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve using established national accounting principles.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this trend to assess the state's energy infrastructure, plan for future demand, and make informed decisions about energy policy and regulation.
Q: Are there update delays or limitations?
A: The data is released quarterly with a short delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Utilities (22) in Wisconsin (WIUTILRQGSP), retrieved from FRED.