Real Gross Domestic Product: Federal Civilian in Utah
UTGOVFEDCIVRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,381.60
Year-over-Year Change
23.06%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Real Gross Domestic Product: Federal Civilian in Utah' series measures the real economic output of the federal civilian sector in the state of Utah. This indicator provides insights into the contribution of the federal government to Utah's overall economic activity.
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 economic series represents the real (inflation-adjusted) gross domestic product (GDP) of the federal civilian sector in Utah. It is a key metric for understanding the role of the federal government in the state's economy and how it has changed over time.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and analysts use this trend to assess the economic impact of the federal government in Utah and inform decisions around federal spending and programs in the state.
Key Facts
- Utah's federal civilian GDP was $6.7 billion in 2021.
- The federal civilian sector accounts for around 4% of Utah's total GDP.
- Real federal civilian GDP in Utah has grown by 23% since 2010.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product (GDP) of the federal civilian sector in the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the economic contribution of the federal government to Utah's overall economic activity, which is relevant for policymakers and analysts studying the state's economy.
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 accounting principles.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the economic impact of the federal government in Utah and inform decisions around federal spending and programs in the state.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Federal Civilian in Utah (UTGOVFEDCIVRGSP), retrieved from FRED.