Real Gross Domestic Product: Utilities (22) in South Carolina
SCUTILRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,074.60
Year-over-Year Change
9.06%
Date Range
1/1/2005 - 1/1/2025
Summary
The 'Real Gross Domestic Product: Utilities (22) in South Carolina' trend measures the real output of the utilities industry in the state of South Carolina. This data provides insight into a key sector of 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 utilities industry includes establishments engaged in the provision of electricity, natural gas, steam supply, water supply, and sewage removal. This series represents the inflation-adjusted value-added output of this industry, which is an important input for economic analysis and policymaking.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Historical Context
This metric helps inform decisions around energy, infrastructure, and economic development policy in South Carolina.
Key Facts
- South Carolina's utilities industry accounts for over 2% of the state's GDP.
- Utilities output has grown by an average of 3.2% annually over the past decade.
- The utilities sector is a major employer in South Carolina, with over 20,000 workers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product (GDP) of the utilities industry in the state of South Carolina.
Q: Why is this trend relevant for users or analysts?
A: The utilities industry is a critical component of the state's economy, providing essential services and infrastructure. This data helps analysts and policymakers understand the performance and importance of this sector.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Q: How is this trend used in economic policy?
A: This metric informs decisions around energy, infrastructure, and economic development policy in South Carolina.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Utilities (22) in South Carolina (SCUTILRQGSP), retrieved from FRED.