Gross Domestic Product: Utilities (22) in Arizona
AZUTILNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,730.40
Year-over-Year Change
-6.17%
Date Range
1/1/2005 - 1/1/2025
Summary
The Gross Domestic Product: Utilities (22) in Arizona measures the economic output of the utilities sector in the state. This data point is important for economists and policymakers to analyze regional economic trends and activity.
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 Arizona represents the inflation-adjusted value added by the utilities industry, including electric power, natural gas, and water, to the state's overall economic production. This metric is widely used to assess the health and contribution of the utilities sector to Arizona's economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using industry-level GDP estimates.
Historical Context
Trends in this metric can inform state-level energy and infrastructure policies.
Key Facts
- Arizona's utilities sector accounts for approximately 2% of the state's total GDP.
- Utilities GDP in Arizona has grown by 15% over the past 5 years.
- The utilities industry is one of the most capital-intensive sectors of Arizona's economy.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product: Utilities (22) in Arizona measures the economic output of the utilities sector, including electric power, natural gas, and water, in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the contribution of the utilities industry to Arizona's overall economic activity and can inform state-level policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using industry-level GDP estimates.
Q: How is this trend used in economic policy?
A: Trends in utilities GDP can inform state-level energy and infrastructure policies, as well as provide insights into regional economic conditions.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Economic Analysis, with a typical 2-month lag.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Utilities (22) in Arizona (AZUTILNQGSP), retrieved from FRED.