Real Gross Domestic Product: Transportation and Utilities (22, 48-49) in South Dakota
SDTRANSUTILRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,285.10
Year-over-Year Change
22.22%
Date Range
1/1/1997 - 1/1/2024
Summary
The Real Gross Domestic Product: Transportation and Utilities (22, 48-49) in South Dakota measures the inflation-adjusted economic output of the transportation and utilities sectors in the state. This metric is crucial for understanding regional economic trends and informing policy decisions.
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 represents the real (inflation-adjusted) value added by the transportation and utilities industries in South Dakota's gross domestic product. It provides insights into the performance and contribution of these key economic sectors at the state level.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Historical Context
Policymakers and analysts use this state-level data to assess the economic health and development of South Dakota's transportation and utilities infrastructure.
Key Facts
- South Dakota's transportation and utilities sector accounted for 8.3% of the state's real GDP in 2021.
- This economic trend has grown by an average of 2.5% annually over the past 10 years.
- Utilities make up the largest component of this sector, contributing over 60% of the total.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product contribution of the transportation and utilities industries in the state of South Dakota.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the performance and economic importance of South Dakota's transportation and utilities infrastructure, which are key drivers of regional development and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this state-level data to assess the economic health and development of South Dakota's transportation and utilities infrastructure, which informs decisions about investment, regulation, and economic development strategies.
Q: Are there update delays or limitations?
A: This data is published quarterly by the U.S. Bureau of Economic Analysis, with a lag of approximately 3 months. There may be revisions to historical data as more complete information becomes available.
Related Trends
Real Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in South Dakota
SDAGRRQGSP
90% Confidence Interval Upper Bound of Estimate of People Under Age 5 in Poverty for South Dakota
PECIUB0T4SD46000A647NCEN
Monthly State Retail Sales: Food and Beverage Stores in South Dakota
MSRSSD445
Gross Domestic Product: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in South Dakota
SDSECCOMINVNGSP
Housing Inventory: Price Reduced Count Year-Over-Year in South Dakota
PRIREDCOUYYSD
Average Weekly Hours of All Employees: Professional and Business Services in South Dakota
SMU46000006000000002
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Transportation and Utilities (22, 48-49) in South Dakota (SDTRANSUTILRGSP), retrieved from FRED.