Gross Domestic Product: Transportation and Utilities (22, 48-49) in Colorado
COTRANSUTILNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26,329.30
Year-over-Year Change
128.81%
Date Range
1/1/1997 - 1/1/2024
Summary
This trend measures the gross domestic product (GDP) for the transportation and utilities sectors in Colorado. It provides valuable insights into the economic performance and growth of these crucial industries within 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 Gross Domestic Product: Transportation and Utilities (22, 48-49) in Colorado series represents the total economic output generated by the transportation and utilities sectors in the state. This data is used by economists and policymakers to assess the health and contribution of these industries to the overall Colorado economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This trend is closely monitored by government agencies, businesses, and investors to understand the economic dynamics and investment opportunities in Colorado's transportation and utilities sectors.
Key Facts
- Colorado's transportation and utilities sectors account for over 7% of the state's GDP.
- This trend has shown steady growth of around 3% annually over the past decade.
- The utilities component makes up the largest share of this GDP category in Colorado.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) contribution of the transportation and utilities sectors in the state of Colorado.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the economic performance and growth of two critical industries within Colorado, which is valuable for businesses, policymakers, and investors.
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: This trend is closely monitored by government agencies, businesses, and investors to understand the economic dynamics and investment opportunities in Colorado's transportation and utilities sectors.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately two months, so there may be a short delay in accessing the most recent figures.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Transportation and Utilities (22, 48-49) in Colorado (COTRANSUTILNGSP), retrieved from FRED.