Chain-Type Quantity Index for Real GDP: Utilities (22) in Rhode Island
RIUTILQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
137.95
Year-over-Year Change
49.63%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Utilities (22) in Rhode Island measures the real output of the utilities sector in the state. This metric is crucial for economists and policymakers to assess the health and growth of Rhode Island'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 for Real GDP: Utilities (22) in Rhode Island provides a measure of the real, inflation-adjusted output of the utilities sector, which includes electric, gas, and water supply companies. It is an important economic indicator that helps analyze the contribution of this industry to the state's overall economic performance.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using survey information and statistical models.
Historical Context
This trend is widely used by economists, market analysts, and policymakers to monitor the utilities sector's impact on Rhode Island's gross domestic product and guide economic decision-making.
Key Facts
- The utilities sector accounts for approximately 2% of Rhode Island's GDP.
- The Chain-Type Quantity Index for Real GDP: Utilities (22) in Rhode Island has increased by 8.3% over the past 5 years.
- Utilities are a key supporting industry for Rhode Island's manufacturing and commercial sectors.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Utilities (22) in Rhode Island measures the real, inflation-adjusted output of the utilities sector in the state, including electric, gas, and water supply companies.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of the health and growth of Rhode Island's utilities sector, which is a crucial supporting industry for the state's economy. It helps analysts and policymakers assess the utilities sector's contribution to 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 survey information and statistical models.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, market analysts, and policymakers to monitor the utilities sector's impact on Rhode Island's gross domestic product and guide economic decision-making.
Q: Are there update delays or limitations?
A: The data is typically released on a quarterly basis, with a short delay to allow for collection and processing. There may be minor revisions to historical data as more information becomes available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Utilities (22) in Rhode Island (RIUTILQGSP), retrieved from FRED.