Real Gross Domestic Product: Transportation and Utilities (22, 48-49) in Washington
WATRANSUTILRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24,113.50
Year-over-Year Change
41.01%
Date Range
1/1/1997 - 1/1/2024
Summary
This trend measures the real gross domestic product (GDP) of the transportation and utilities sector in Washington state. It provides valuable insights into the economic performance and growth of this critical industry.
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 Real Gross Domestic Product: Transportation and Utilities (22, 48-49) in Washington series represents the inflation-adjusted economic output of the transportation and utilities industries in the state. It is a key indicator for analyzing the health and productivity of these sectors, which are vital to the state's infrastructure and economic development.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and industry analysts closely monitor this trend to assess the impact of economic conditions, regulatory changes, and infrastructure investments on the transportation and utilities sectors.
Key Facts
- The transportation and utilities sector accounts for approximately 5% of Washington's total GDP.
- This trend has shown steady growth over the past decade, reflecting the state's expanding population and economic activity.
- The utilities industry, which includes electricity, natural gas, and water supply, is a significant contributor to this trend.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product (GDP) of the transportation and utilities sector in the state of Washington.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the economic performance and growth of the transportation and utilities industries in Washington, which are crucial to the state's infrastructure and economic development.
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 industry analysts closely monitor this trend to assess the impact of economic conditions, regulatory changes, and infrastructure investments on the transportation and utilities sectors in Washington.
Q: Are there update delays or limitations?
A: The data is typically released on a quarterly basis, with some potential for minor delays in publication.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Transportation and Utilities (22, 48-49) in Washington (WATRANSUTILRGSP), retrieved from FRED.