Gross Domestic Product: Utilities (22) in Tennessee
TNUTILNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,230.00
Year-over-Year Change
10.46%
Date Range
1/1/2005 - 1/1/2025
Summary
This series measures the gross domestic product (GDP) of the utilities sector in Tennessee. It is an important indicator of economic activity and energy consumption 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: Utilities (22) in Tennessee series tracks the total output and value-added of the utilities industry, which includes electricity, natural gas, water, and sewage services. It is a key metric for understanding energy demand and infrastructure investment in the state.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and economic modeling.
Historical Context
Policymakers and analysts use this data to assess the health of Tennessee's economy and guide energy policy decisions.
Key Facts
- Tennessee's utilities GDP was $8.3 billion in 2021.
- The utilities sector accounts for 2.1% of Tennessee's total GDP.
- Utilities GDP in Tennessee has grown by 3.2% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This series measures the gross domestic product (GDP) of the utilities sector in the state of Tennessee, including electricity, natural gas, water, and sewage services.
Q: Why is this trend relevant for users or analysts?
A: The utilities GDP is an important indicator of energy demand, infrastructure investment, and overall economic activity in Tennessee.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and economic modeling.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess the health of Tennessee's economy and guide energy policy decisions.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 quarter delay by the Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Utilities (22) in Tennessee (TNUTILNQGSP), retrieved from FRED.