Chain-Type Quantity Index for Real GDP: Transportation and Utilities (22, 48-49) in Colorado
COTRANSUTILQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
122.42
Year-over-Year Change
55.65%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Transportation and Utilities (22, 48-49) in Colorado measures the real output of the transportation and utilities industries in the state. This metric is important for policymakers and economists to assess economic activity and productivity trends in key infrastructure sectors.
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 index tracks the volume of goods and services produced by the transportation and utilities industries in Colorado, adjusting for price changes. It provides a comprehensive measure of the real economic contribution of these sectors, which are critical to the state's overall economic performance.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-level GDP figures.
Historical Context
This trend is widely used by analysts and policymakers to monitor infrastructure performance and support economic planning and development efforts.
Key Facts
- The index is based on the North American Industry Classification System (NAICS).
- Transportation and utilities account for over 10% of Colorado's GDP.
- The index uses chain-type quantity indexes to track real output changes.
FAQs
Q: What does this economic trend measure?
A: This index measures the real output of the transportation and utilities industries in Colorado, adjusting for price changes.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for policymakers and economists to assess economic activity and productivity trends in key infrastructure sectors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-level GDP figures.
Q: How is this trend used in economic policy?
A: This trend is widely used by analysts and policymakers to monitor infrastructure performance and support economic planning and development efforts.
Q: Are there update delays or limitations?
A: The data is subject to regular updates from the Bureau of Economic Analysis, with potential delays or revisions.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Transportation and Utilities (22, 48-49) in Colorado (COTRANSUTILQGSP), retrieved from FRED.