Chain-Type Quantity Index for Real GDP: Utilities (22) in Alabama
ALUTILQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.05
Year-over-Year Change
5.75%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Utilities (22) in Alabama measures the volume of economic output from the utilities sector in Alabama, adjusted for inflation. This trend is an important indicator of productivity and growth in this key industry.
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 Chain-Type Quantity Index for Real GDP: Utilities (22) in Alabama tracks the real (inflation-adjusted) volume of economic activity in the utilities sector of Alabama. It is a useful metric for analyzing the state's economic performance and productivity in this critical infrastructure industry.
Methodology
The data is calculated based on Bureau of Economic Analysis measurements of the real output of the utilities sector in Alabama.
Historical Context
This economic trend is closely watched by policymakers, industry analysts, and investors to assess the health and growth of Alabama's utilities sector.
Key Facts
- Utilities account for over 2% of Alabama's GDP.
- This index uses 2012 as the base year.
- The utilities sector includes electric, gas, water, and sewage services.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Utilities (22) in Alabama measures the real, inflation-adjusted volume of economic output from the utilities sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the productivity and growth of a critical infrastructure industry in Alabama, which is important for understanding the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the Bureau of Economic Analysis based on measurements of real output in Alabama's utilities sector.
Q: How is this trend used in economic policy?
A: Policymakers, industry analysts, and investors closely monitor this trend to assess the health and growth of Alabama's utilities sector, which is essential for the state's infrastructure and economic development.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, but may have a lag of several months between the reference period and the release date.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Utilities (22) in Alabama (ALUTILQGSP), retrieved from FRED.