Gross Domestic Product: Utilities (22) in Tennessee
TNUTILNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,441.00
Year-over-Year Change
136.87%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the output of the utilities sector, including electricity, natural gas, and water supply, in the state of Tennessee. It is an important indicator of economic activity and infrastructure investment in the state.
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 Gross Domestic Product (GDP) for the utilities industry in Tennessee provides insights into the performance and productivity of this critical sector. Economists and policymakers use this data to gauge the health of the state's infrastructure and energy systems.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using state-level economic accounts.
Historical Context
Trends in Tennessee's utilities GDP help inform decisions around energy policy, investment, and economic development at the state level.
Key Facts
- Tennessee's utilities GDP accounts for around 2% of the state's total economic output.
- Utilities GDP in Tennessee has grown by an average of 3% annually over the past decade.
- The utilities sector employs over 20,000 workers in Tennessee.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the utilities sector, including electricity, natural gas, and water supply, in the state of Tennessee.
Q: Why is this trend relevant for users or analysts?
A: The utilities GDP in Tennessee is an important indicator of the health and productivity of the state's critical infrastructure and energy systems, which is relevant for economic policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using state-level economic accounts.
Q: How is this trend used in economic policy?
A: Trends in Tennessee's utilities GDP help inform decisions around energy policy, infrastructure investment, and economic development at the state level.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Bureau of Economic Analysis, with some lag from the end of the reporting period.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Utilities (22) in Tennessee (TNUTILNGSP), retrieved from FRED.