Gross Domestic Product: Wholesale Trade (42) in Arizona
AZWHOLENQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30,561.90
Year-over-Year Change
21.06%
Date Range
1/1/2005 - 1/1/2025
Summary
The Gross Domestic Product: Wholesale Trade (42) in Arizona metric measures the total economic output of the wholesale trade sector in the state of Arizona. This trend is a key indicator of economic activity and business productivity.
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 Arizona represents the total value added by the wholesale trade industry to the state's overall economic output. This data series is used by economists and policymakers to assess the health and performance of Arizona's wholesale sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic models.
Historical Context
This economic trend is used to inform business decisions, economic forecasting, and state-level policy development.
Key Facts
- Arizona's wholesale trade sector accounts for over 10% of the state's GDP.
- Wholesale trade GDP in Arizona has grown by 20% over the past 5 years.
- Wholesale trade is one of the largest private-sector employers in Arizona.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product: Wholesale Trade (42) in Arizona metric measures the total economic output of the wholesale trade sector in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of business productivity and economic activity in Arizona, providing insights that are useful for economic forecasting, policy decisions, and business planning.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic models.
Q: How is this trend used in economic policy?
A: This economic trend is used to inform state-level policy decisions, business investment, and strategic planning by government and industry stakeholders.
Q: Are there update delays or limitations?
A: The data is typically published on a quarterly basis with a lag of several months, so there may be delays in accessing the most current information.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Wholesale Trade (42) in Arizona (AZWHOLENQGSP), retrieved from FRED.