Leading, Slipping, Gaining, Lagging Analysis:
Assessing Utilities Gross Domestic Product Growth
Across States
Real* Utilities
Gross Domestic Product Growth
State vs Nationwide Average: 2010-2018 and 2018
Real* Utilities
Gross Domestic Product Growth
U.S.:
2010-2018 = 2.66%
2018 = 3.41%
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 (2018) against the backdrop of their growth over the long term period (2010-2018). 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: 2010-2018 and 2018
Real* Utilities
Gross Domestic Product Growth
U.S.:
2010-2018 = 2.66%
2018 = 3.41%
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 (2010-2018), and the horizontal axis representing the real utilities gross domestic product growth rate for the near-term (2018).
This figure sets apart those states whose long-term real utilities gross domestic product growth exceeded the nationwide average of 2.66%, by portraying them in the top two quadrants demarcated at 2.66% on the vertical axis. State whose long-term average annual real utilities gross domestic product growth rate trailed the nationwide average (2.66%) are distributed in the bottom two quadrants. In all, 30 states surpassed the nationwide average over 2010-2018, while 21 states fell below.
Similarly, the two quadrants on the right of this figure present the positions of the 27 states whose most recent (2018) real utilities gross domestic product growth rate exceeded the nationwide average (3.41%). The two quadrants on the left feature those 24 states whose real utilities gross domestic product growth over 2018 trailed the nationwide average.
Accordingly, each quadrant portrays the performance of all 51 states corresponding with their long-term (2010-2018) and near-term (2018) performance relative to their respective nationwide averages of 2.66% over 2010-2018 and 3.41% over 2018:
Leading states () (top-right quadrant)...are states whose average annual real utilities gross domestic product growth rate surpassed the nationwide average both long-term (2.66%) and near-term (3.41%).
Slipping states () (top-left quadrant)...are states whose long-term average annual real utilities gross domestic product growth rate exceeded the nationwide average (2.66%), but whose near-term growth has "slipped" by falling below the the United States average (3.41%).
Gaining states () (bottom-right quadrant)...are states whose long-term average annual real utilities gross domestic product growth rate fell below the nationwide average (2.66%), but whose near-term growth has "gained" by registering above the average (3.41%) 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 (2.66%) and near-term (3.41%).
   
 
Summary of United States' 51 State Totals
 
Short Term Average
 
 
Below
(3.41%)
Above
(3.41%)
 
Long
Term
Average
Above
(2.66%)
14
16
30
Below
(2.66%)
10
11
21
 
24
27
51
 
   
Leading States
2018 vs. 2010-2018 Averages
Leading States
U.S.:
2010-2018 = 2.66%
2018 = 3.41%
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 (2010-2018 = 2.66%) as well as near-term (2018 = 3.41%). Each is identified by its corresponding ranking based on it's average annual real utilities gross domestic product growth rate over 2010-2018.
Of the United States' 51 states, 16 (31%) are classified within the Leading () category. Those states ranked by their long-term average include:
Slipping States
2018 vs. 2010-2018 Averages
Slipping States
U.S.:
2010-2018 = 2.66%
2018 = 3.41%
This figure depicts the distribution of the 14 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 (2010-2018 = 2.66%), while they trailed the nationwide average near-term (2018 = 3.41%). Again, each state is identified by it's corresponding ranking based on its average annual real utilities gross domestic product growth rate over 2010-2018.
Observe that 14 (27%) of the United States' 51 states are classified as Slipping (). Those states ranked by their long-term average include:
Gaining States
2018 vs. 2010-2018 Averages
Gaining States
U.S.:
2010-2018 = 2.66%
2018 = 3.41%
This figure shows the distribution of the 11 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 (2010-2018 = 2.66%), while they outpaced the United States' average near-term (2018 = 3.41%). Again, each state is identified by its corresponding ranking based on its average annual real utilities gross domestic product growth rate over 2010-2018.
Of the United States' 51 states, 22% (11) are featured as Gaining (). Those states ranked by their long-term average include:
Lagging States
2018 vs. 2010-2018 Averages
Lagging States
U.S.:
2010-2018 = 2.66%
2018 = 3.41%
This figure depicts the distributions of the 10 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 (2010-2018 = 2.66%) as well as near-term (2018 = 3.41%). Again, each state is identified by its corresponding ranking based on it's average annual real utilities gross domestic product growth rate over 2010-2018.
20% of the United States' states, 10 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
 
2010-2018
 
2018
 
 
Leading States
 
23
2.88
 
14
5.46
6,491
 
17
3.15
 
21
4.06
813
 
30
2.66
 
23
3.87
4,107
 
5
4.35
 
4
8.25
2,031
 
28
2.76
 
26
3.55
14,351
 
9
3.67
 
22
3.93
7,754
 
4
4.90
 
12
5.84
7,227
 
14
3.29
 
11
6.12
10,630
 
10
3.60
 
20
4.12
5,610
 
15
3.25
 
13
5.80
3,440
 
1
9.48
 
18
4.27
3,852
 
2
6.33
 
19
4.19
1,435
 
13
3.38
 
1
12.58
1,002
 
11
3.56
 
8
6.42
30,440
 
22
2.96
 
2
9.22
8,217
 
20
3.07
 
27
3.41
1,088
Slipping States
 
12
3.40
 
34
3.00
3,419
 
29
2.76
 
51
-3.67
34,972
 
24
2.85
 
38
2.95
10,995
 
7
4.17
 
47
0.82
1,393
 
19
3.07
 
30
3.20
3,066
 
25
2.85
 
28
3.30
3,739
 
21
3.03
 
44
1.67
5,132
 
16
3.15
 
42
2.52
5,581
 
18
3.11
 
39
2.94
23,191
 
27
2.80
 
32
3.14
4,090
 
8
4.02
 
45
1.35
3,077
 
26
2.84
 
50
-0.75
5,766
 
6
4.34
 
31
3.18
906
 
3
5.21
 
37
2.96
2,312
Gaining States
 
51
-0.47
 
17
4.73
4,621
 
47
0.72
 
5
6.98
1,509
 
48
0.53
 
10
6.17
3,390
 
45
0.84
 
15
5.11
1,404
 
43
1.25
 
6
6.78
10,387
 
39
2.07
 
3
8.59
8,935
 
41
1.67
 
24
3.78
11,056
 
38
2.25
 
16
4.83
13,271
 
44
1.04
 
7
6.45
2,087
 
50
0.14
 
9
6.35
670
 
34
2.46
 
25
3.57
2,309
Lagging States
 
36
2.45
 
36
2.97
7,137
 
35
2.45
 
48
-0.52
1,079
 
42
1.49
 
33
3.13
18,393
 
32
2.53
 
40
2.90
6,934
 
46
0.81
 
46
1.04
1,015
 
40
1.68
 
49
-0.57
1,096
 
49
0.38
 
35
3.00
2,454
 
37
2.44
 
41
2.88
1,694
 
31
2.57
 
43
2.20
4,529
 
33
2.48
 
29
3.25
5,761
 
 
 
 
 
 
 
 
 
2.66
 
3.41
325,852
May 2010
REAP_PI_SA1900N_510300_LSGL
 
   
Copyright © 2020. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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