Real Gross Domestic Product: Utilities (22) in Rhode Island
Quarterly, Seasonally Adjusted Annual Rate
RIUTILRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,219.60
Year-over-Year Change
44.50%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate (RIUTILRQGSP) measures the total output of the U.S. economy, providing a comprehensive snapshot of economic health and performance.
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 gross domestic product (GDP) metric captures the total value of all goods and services produced within the United States, adjusted for seasonal variations. It is a key indicator used by policymakers, analysts, and economists to gauge the overall strength and trajectory of the American economy.
Methodology
The Bureau of Economic Analysis collects and calculates this data using established national accounting standards.
Historical Context
Quarterly GDP figures are closely monitored for insights into consumer spending, business investment, and other crucial economic factors.
Key Facts
- The U.S. economy grew at an annualized rate of 2.9% in Q4 2022.
- Real GDP increased 3.2% in 2022 compared to 2021.
- GDP is a comprehensive measure of a country's economic activity.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate (RIUTILRQGSP) measures the total output of goods and services produced in the United States, providing a broad indicator of economic performance.
Q: Why is this trend relevant for users or analysts?
A: Quarterly GDP figures are a crucial metric used by policymakers, economists, and market analysts to assess the overall health and direction of the U.S. economy.
Q: How is this data collected or calculated?
A: The Bureau of Economic Analysis collects and calculates this data using established national accounting standards.
Q: How is this trend used in economic policy?
A: Quarterly GDP data informs decision-making by the Federal Reserve, Congress, and other institutions responsible for economic and fiscal policies.
Q: Are there update delays or limitations?
A: The Quarterly, Seasonally Adjusted Annual Rate is published by the Bureau of Economic Analysis on a regular schedule, with a typical 1-month delay from the end of the reference quarter.
Related Trends
State Government Tax Collections, Property Taxes in Rhode Island
RIPROPTAX
Real Gross Domestic Product: Construction (23) in Rhode Island
RICONSTRGSP
Chain-Type Quantity Index for Real GDP: Real Estate (531) in Rhode Island
RIREALQGSP
Gross Domestic Product: Professional, Scientific, and Technical Services (54) in Rhode Island
RIPROSCITCHNGSP
Coefficient for Transportation Carbon Dioxide Emissions, Residual Fuel for Rhode Island
EMISSCO2CRFACBRIA
Total Deposits in Commercial Banks in Rhode Island
X08TDCBTRI
Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (RIUTILRQGSP), retrieved from FRED.