Gross Domestic Product: Wholesale Trade (42) in Alabama
ALWHOLENQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,804.30
Year-over-Year Change
15.26%
Date Range
1/1/2005 - 1/1/2025
Summary
The Gross Domestic Product: Wholesale Trade (42) in Alabama series measures the economic output of the wholesale trade sector in the state of Alabama. This metric is a key indicator of the overall health and activity of Alabama'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 Gross Domestic Product: Wholesale Trade (42) in Alabama series represents the inflation-adjusted value added by the wholesale trade industry to the state's gross domestic product. This data provides insights into the performance and contribution of the wholesale sector, which is a crucial component of Alabama's economic landscape.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Historical Context
This economic trend is widely used by policymakers, analysts, and businesses to assess the state of Alabama's economy and inform decision-making.
Key Facts
- Alabama's wholesale trade sector accounts for approximately 10% of the state's GDP.
- The GDP: Wholesale Trade (42) in Alabama has grown by an average of 3% annually over the past decade.
- The wholesale trade industry employs over 100,000 people in Alabama, making it a significant employer in the state.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product: Wholesale Trade (42) in Alabama series measures the economic output and value added by the wholesale trade sector in the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and contribution of the wholesale trade industry, which is a crucial component of Alabama's overall economic activity and growth.
Q: How is this data collected or calculated?
A: The data is 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: Policymakers, analysts, and businesses use this economic trend to assess the state of Alabama's economy and inform decision-making related to economic development, trade, and investment.
Q: Are there update delays or limitations?
A: The Gross Domestic Product: Wholesale Trade (42) in Alabama data is typically released on a quarterly basis, with a lag of approximately two to three months.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Wholesale Trade (42) in Alabama (ALWHOLENQGSP), retrieved from FRED.