Chain-Type Quantity Index for Real GDP: Utilities (22) in Florida
FLUTILQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.70
Year-over-Year Change
-5.08%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Utilities (22) in Florida measures the real output of the utilities sector in the state. This metric is crucial for economists and policymakers to assess economic growth and the health of key industries.
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 Florida is a seasonally adjusted measure of the real output of the utilities industry in the state. It serves as an important indicator of economic activity and productivity in this critical sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting methods.
Historical Context
This metric informs economic policy decisions and market analyses related to the utilities industry and overall state economic performance.
Key Facts
- The utilities sector accounts for approximately 2% of Florida's GDP.
- Utilities output has grown by 15% in Florida over the past decade.
- This index is a key input for measuring overall state economic performance.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Utilities (22) in Florida measures the real (inflation-adjusted) output of the utilities sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of economic activity and productivity in the utilities industry, which is a critical component of Florida's overall economic performance.
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 methods.
Q: How is this trend used in economic policy?
A: This index informs economic policy decisions and market analyses related to the utilities industry and overall state economic performance.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the Federal Reserve with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Utilities (22) in Florida (FLUTILQQGSP), retrieved from FRED.