Chain-Type Quantity Index for Real GDP: Utilities (22) in Louisiana
LAUTILQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
122.64
Year-over-Year Change
20.77%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Utilities (22) in Louisiana measures the volume of economic output from the utilities sector in Louisiana, adjusted for inflation. This provides insight into the productivity and growth of a key industry within the state's economy.
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 tracks changes in the real, inflation-adjusted value of utilities output in Louisiana over time. Economists and policymakers use this metric to assess the health and performance of the state's utilities sector and its contribution to overall economic activity.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology that accounts for changes in prices and quantities.
Historical Context
This index offers important context for understanding Louisiana's economic trends and can inform policy decisions affecting the state's utilities infrastructure and energy markets.
Key Facts
- The base year for this index is 2012.
- Louisiana's utilities sector accounts for around 2% of the state's total GDP.
- The index has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted volume of economic output from the utilities sector in the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the productivity and growth of a key industry within Louisiana's economy, which can inform economic policy and investment decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology that accounts for changes in prices and quantities.
Q: How is this trend used in economic policy?
A: This index offers important context for understanding Louisiana's economic trends and can inform policy decisions affecting the state's utilities infrastructure and energy markets.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule by the Bureau of Economic Analysis, but may be subject to revisions or lags compared to real-time economic activity.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Utilities (22) in Louisiana (LAUTILQQGSP), retrieved from FRED.