Leading, Slipping, Gaining, Lagging Analysis:
Assessing Utilities Gross Domestic Product Growth
Across States
Real* Utilities
Gross Domestic Product Growth
State vs Nationwide Average: 2010-2022 and 2022
Real* Utilities
Gross Domestic Product Growth
U.S.:
2010-2022 = 4.31%
2022 = 16.32%
Borrowing from an approach that sometimes appears in the finance sections of the popular press, LSGL analysis is a handy and versatile way to compare, portray and classify the patterns of real utilities gross domestic product growth across all 51 states. In finance, this technique is used for comparing and assessing the market performance of individual securities or across industry sectors. For example, the performance of the 30 stocks contained within Dow are compared with one another over the past week in contrast to their performance over the past month using the Dow's respective averages as the points of reference.
Here in this United States Regional Economic Analysis Project report, we adopt this approach to gauge and compare the real utilities gross domestic product growth of all 51 states over the latest available year (2022) against the backdrop of their growth over the long term period (2010-2022). In so doing we classify their growth and performance into 4 broad categories: Leading, Slipping, Gaining and Lagging.
Real* Utilities
Gross Domestic Product Growth
State vs Nationwide Average: 2010-2022 and 2022
Real* Utilities
Gross Domestic Product Growth
U.S.:
2010-2022 = 4.31%
2022 = 16.32%
This figure displays the 51 states of the United States as dots on a scattergram, with the vertical axis representing the average annual real utilities gross domestic product growth rate over the long-term period (2010-2022), and the horizontal axis representing the real utilities gross domestic product growth rate for the near-term (2022).
This figure sets apart those states whose long-term real utilities gross domestic product growth exceeded the nationwide average of 4.31%, by portraying them in the top two quadrants demarcated at 4.31% on the vertical axis. State whose long-term average annual real utilities gross domestic product growth rate trailed the nationwide average (4.31%) are distributed in the bottom two quadrants. In all, 24 states surpassed the nationwide average over 2010-2022, while 27 states fell below.
Similarly, the two quadrants on the right of this figure present the positions of the 21 states whose most recent (2022) real utilities gross domestic product growth rate exceeded the nationwide average (16.32%). The two quadrants on the left feature those 30 states whose real utilities gross domestic product growth over 2022 trailed the nationwide average.
Accordingly, each quadrant portrays the performance of all 51 states corresponding with their long-term (2010-2022) and near-term (2022) performance relative to their respective nationwide averages of 4.31% over 2010-2022 and 16.32% over 2022:
Leading states () (top-right quadrant)...are states whose average annual real utilities gross domestic product growth rate surpassed the nationwide average both long-term (4.31%) and near-term (16.32%).
Slipping states () (top-left quadrant)...are states whose long-term average annual real utilities gross domestic product growth rate exceeded the nationwide average (4.31%), but whose near-term growth has "slipped" by falling below the the United States average (16.32%).
Gaining states () (bottom-right quadrant)...are states whose long-term average annual real utilities gross domestic product growth rate fell below the nationwide average (4.31%), but whose near-term growth has "gained" by registering above the average (16.32%) nationwide.
Lagging states () (bottom-left quadrant)...are states whose average annual real utilities gross domestic product growth rate fell under the nationwide average both long-term (4.31%) and near-term (16.32%).
   
 
Summary of United States' 51 State Totals
 
Short Term Average
 
 
Below
(16.32%)
Above
(16.32%)
 
Long
Term
Average
Above
(4.31%)
10
14
24
Below
(4.31%)
20
7
27
 
30
21
51
 
   
Leading States
2022 vs. 2010-2022 Averages
Leading States
white dot
U.S.:
2010-2022 = 4.31%
2022 = 16.32%
Turning attention to the top-right quadrant from the discussion above, this figure features the distribution of the United States states classified as Leading. These states surpassed the United States' average annual real utilities gross domestic product growth both long-term (2010-2022 = 4.31%) as well as near-term (2022 = 16.32%). Each is identified by its corresponding ranking based on it's average annual real utilities gross domestic product growth rate over 2010-2022.
Of the United States' 51 states, 14 (27%) are classified within the Leading () category. Those states ranked by their long-term average include:
Slipping States
2022 vs. 2010-2022 Averages
Slipping States
U.S.:
2010-2022 = 4.31%
2022 = 16.32%
This figure depicts the distribution of the 10 United States states classified as Slipping (top-left quadrant), in that their long-term average annual real utilities gross domestic product growth rate outpaced the average nationwide (2010-2022 = 4.31%), while they trailed the nationwide average near-term (2022 = 16.32%). Again, each state is identified by it's corresponding ranking based on its average annual real utilities gross domestic product growth rate over 2010-2022.
Observe that 10 (20%) of the United States' 51 states are classified as Slipping (). Those states ranked by their long-term average include:
Gaining States
2022 vs. 2010-2022 Averages
Gaining States
white dot
U.S.:
2010-2022 = 4.31%
2022 = 16.32%
This figure shows the distribution of the 7 United States states classified as Gaining (bottom-right quadrant), in that their long-term average annual real utilities gross domestic product growth rate posted below the average nationwide (2010-2022 = 4.31%), while they outpaced the United States' average near-term (2022 = 16.32%). Again, each state is identified by its corresponding ranking based on its average annual real utilities gross domestic product growth rate over 2010-2022.
Of the United States' 51 states, only 14% (7) are featured as Gaining (). Those states ranked by their long-term average include:
Lagging States
2022 vs. 2010-2022 Averages
Lagging States
white dot
U.S.:
2010-2022 = 4.31%
2022 = 16.32%
This figure depicts the distributions of the 20 United States states classified as Lagging (bottom-left quadrant). These states trailed the nationwide average annual real utilities gross domestic product growth both long-term (2010-2022 = 4.31%) as well as near-term (2022 = 16.32%). Again, each state is identified by its corresponding ranking based on it's average annual real utilities gross domestic product growth rate over 2010-2022.
39% of the United States' states, 20 of 51, are characterized here as Lagging (). Those states ranked by their long-term average include:
   
 
United States
Real* Utilities Gross Domestic Product Growth
State vs. Nationwide Average
 
2010-2022
 
2022
 
 
Leading States
 
8
5.50
 
15
18.72
54,242
 
17
4.69
 
9
22.37
1,541
 
11
5.08
 
3
29.61
2,552
 
10
5.44
 
14
19.03
1,892
 
14
4.89
 
8
22.40
4,708
 
3
7.72
 
10
22.36
4,176
 
12
4.97
 
7
22.61
13,668
 
4
5.73
 
19
17.32
4,371
 
23
4.42
 
18
18.05
1,291
 
15
4.79
 
1
33.29
7,876
 
16
4.72
 
17
18.15
3,378
 
19
4.64
 
16
18.39
39,289
 
1
9.15
 
21
16.37
4,492
 
20
4.56
 
5
25.13
11,004
Slipping States
 
21
4.53
 
44
11.74
1,086
 
13
4.89
 
22
16.29
4,649
 
7
5.58
 
25
15.91
6,451
 
24
4.35
 
23
16.05
4,956
 
18
4.66
 
49
5.69
7,013
 
2
8.04
 
37
13.65
12,651
 
22
4.45
 
40
13.21
7,129
 
5
5.69
 
26
15.50
35,606
 
6
5.62
 
42
12.75
1,665
 
9
5.44
 
29
14.73
1,216
Gaining States
 
38
3.39
 
12
20.33
2,114
 
45
2.74
 
20
17.30
4,528
 
34
3.48
 
4
27.16
1,429
 
36
3.41
 
2
30.64
3,519
 
47
2.55
 
13
20.04
1,772
 
32
3.69
 
6
24.07
14,476
 
48
2.34
 
11
20.35
874
Lagging States
 
31
3.90
 
28
14.75
8,188
 
37
3.41
 
46
9.86
8,796
 
51
0.84
 
47
9.55
5,346
 
39
3.36
 
24
15.97
24,436
 
26
4.28
 
33
14.27
14,549
 
25
4.30
 
41
12.88
19,254
 
29
4.06
 
27
15.47
9,159
 
33
3.56
 
30
14.67
3,637
 
49
2.28
 
51
-0.71
7,418
 
27
4.22
 
31
14.64
13,453
 
35
3.45
 
43
12.60
6,491
 
46
2.72
 
48
9.43
1,325
 
41
3.13
 
50
4.52
2,025
 
43
2.98
 
32
14.44
13,757
 
30
4.01
 
35
13.96
5,193
 
42
2.99
 
34
13.97
15,753
 
28
4.10
 
36
13.70
6,016
 
44
2.91
 
39
13.27
2,673
 
50
1.95
 
45
10.73
5,870
 
40
3.30
 
38
13.55
1,251
 
 
 
 
 
 
 
 
 
4.31
 
16.32
440,200
April 2023
REAP_PI_SA1900N_510300_LSGL
 
   
Copyright © 2023. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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