Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Arizona
AZRETAILQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
128.16
Year-over-Year Change
22.32%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Arizona measures the real output of the retail trade sector in the state. This metric is crucial for economists and policymakers to assess the health and growth of Arizona's consumer-driven 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 Chain-Type Quantity Index tracks the real, inflation-adjusted changes in the output of the retail trade industry in Arizona over time. This provides insight into consumer spending patterns and the broader economic conditions within the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting practices.
Historical Context
This index is widely used by analysts, investors, and policymakers to gauge the strength of Arizona's consumer economy and inform economic and fiscal decisions.
Key Facts
- Arizona's retail trade sector accounts for over 12% of the state's GDP.
- The Chain-Type Quantity Index shows real retail trade output grew by 3.2% in 2021.
- This index is a leading indicator of Arizona's overall economic performance.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Arizona measures the real, inflation-adjusted output of the retail trade sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insights into consumer spending patterns and the overall health of Arizona's consumer-driven economy, making it highly relevant for economists, policymakers, and market 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 accounting practices.
Q: How is this trend used in economic policy?
A: This index is widely used by analysts, investors, and policymakers to gauge the strength of Arizona's consumer economy and inform economic and fiscal decisions.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule by the U.S. Bureau of Economic Analysis, with minimal update delays.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Arizona (AZRETAILQQGSP), retrieved from FRED.