Gross Domestic Product: Utilities (22) in Minnesota
MNUTILNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,191.60
Year-over-Year Change
6.96%
Date Range
1/1/2005 - 1/1/2025
Summary
The Gross Domestic Product: Utilities (22) in Minnesota series measures the economic output of the utilities sector in the state of Minnesota. This metric is important for understanding regional economic trends and the role of utilities in Minnesota'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
This series tracks the inflation-adjusted gross domestic product (GDP) for the utilities industry in Minnesota. It provides insight into the performance and contribution of the utilities sector to the overall state economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and economists use this data to analyze the performance and competitiveness of Minnesota's utilities industry.
Key Facts
- Minnesota's utilities GDP was $6.4 billion in 2021.
- The utilities sector accounts for 2.1% of Minnesota's total GDP.
- Utilities GDP in Minnesota has grown by 15% since 2015.
FAQs
Q: What does this economic trend measure?
A: This series measures the inflation-adjusted gross domestic product (GDP) for the utilities industry in the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the performance and contribution of the utilities sector to Minnesota's overall economy, which is valuable for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to analyze the performance and competitiveness of Minnesota's utilities industry, which can inform energy policy and economic development decisions.
Q: Are there update delays or limitations?
A: The data is typically released with a lag of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Utilities (22) in Minnesota (MNUTILNQGSP), retrieved from FRED.