Chain-Type Quantity Index for Real GDP: Wholesale Trade (42) in Arizona
AZWHOLEQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.90
Year-over-Year Change
5.97%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Wholesale Trade (42) in Arizona measures the real economic output of the wholesale trade sector in Arizona, adjusted for inflation.
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
This index provides a quantitative measure of the real GDP contribution from the wholesale trade industry in Arizona. It is used by economists and policymakers to assess the overall health and growth of the state's economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chained-dollar approach to account for price changes over time.
Historical Context
Trends in this index help inform decisions around fiscal and monetary policy, as well as investment in Arizona's wholesale trade infrastructure.
Key Facts
- The index is benchmarked to 2012 as the base year.
- Arizona's wholesale trade sector accounts for about 6% of the state's total GDP.
- The index reached a record high in 2019 before declining during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of Arizona's wholesale trade sector as a component of the state's overall GDP.
Q: Why is this trend relevant for users or analysts?
A: Trends in this index provide insight into the performance and growth of a key industry within Arizona's economy, which is valuable for economic forecasting and policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chained-dollar approach to account for price changes over time.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the health and growth of Arizona's wholesale trade sector, which informs decisions around fiscal, monetary, and infrastructure policies.
Q: Are there update delays or limitations?
A: The index is updated quarterly by the U.S. Bureau of Economic Analysis, with a typical 2-month lag in data availability.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Wholesale Trade (42) in Arizona (AZWHOLEQQGSP), retrieved from FRED.