Real Gross Domestic Product: Transportation and Utilities (22, 48-49) in Wisconsin
WITRANSUTILRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,144.20
Year-over-Year Change
5.23%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the real gross domestic product (GDP) for the transportation and utilities sector in the state of Wisconsin. It provides valuable insights into the performance and contribution of this key industry to the state's economy.
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 Wisconsin series tracks the inflation-adjusted economic output of the transportation and utilities industries in the state. This metric is used by economists and policymakers to analyze the overall health and growth of the state's economy.
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
Trends in this sector are closely monitored by government officials and industry stakeholders to inform infrastructure investments, regulatory policies, and economic development strategies.
Key Facts
- Transportation and utilities account for over 5% of Wisconsin's GDP.
- This sector has seen steady growth of around 2% annually in recent years.
- The utilities industry makes up the largest share of this economic segment in Wisconsin.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product (GDP) for the transportation and utilities sector in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the performance and contribution of a key industry to Wisconsin's overall economic output, which is useful for policymakers, businesses, and economic 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 established national income and product accounting methods.
Q: How is this trend used in economic policy?
A: Trends in this sector are closely monitored by government officials and industry stakeholders to inform infrastructure investments, regulatory policies, and economic development strategies.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Transportation and Utilities (22, 48-49) in Wisconsin (WITRANSUTILRGSP), retrieved from FRED.