Real Gross Domestic Product: Wholesale Trade (42) in Arizona
AZWHOLERQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,338.60
Year-over-Year Change
5.97%
Date Range
1/1/2005 - 1/1/2025
Summary
The Real Gross Domestic Product: Wholesale Trade (42) in Arizona measures the inflation-adjusted economic output of the wholesale trade sector in the state. This indicator provides insight into the health and productivity of a key component of Arizona'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 Real Gross Domestic Product: Wholesale Trade (42) in Arizona represents the volume of economic activity generated by wholesale trade businesses in the state, adjusted for inflation. This metric is used by economists and policymakers to analyze trends in the wholesale sector and its contribution to the overall state economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income accounting methods.
Historical Context
This economic indicator is relevant for understanding Arizona's business climate, consumer demand, and the state's economic performance relative to national trends.
Key Facts
- Arizona's wholesale trade sector accounts for over 5% of the state's GDP.
- Real wholesale GDP in Arizona has grown by an average of 2.5% annually since 2010.
- The wholesale trade industry employs over 140,000 people in Arizona.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the real, inflation-adjusted output of Arizona's wholesale trade sector, which includes businesses that sell goods and merchandise to other businesses.
Q: Why is this trend relevant for users or analysts?
A: The wholesale trade sector is a key component of Arizona's economy, so this metric provides valuable insights into the state's overall economic performance and business environment.
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 income accounting methods.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this indicator to monitor the health of Arizona's wholesale trade industry and its broader implications for the state's economic growth and development.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately two months, so there may be a short delay in accessing the most recent figures.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Wholesale Trade (42) in Arizona (AZWHOLERQGSP), retrieved from FRED.