Chain-Type Quantity Index for Real GDP: Wholesale Trade (42) in the District of Columbia
DCWHOLEQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
111.97
Year-over-Year Change
22.48%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Wholesale Trade (42) in the District of Columbia measures the inflation-adjusted output of the wholesale trade sector in the District's economy. This metric is closely watched by economists and policymakers to gauge the health and direction of the local business climate.
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 tracks the real, inflation-adjusted value of goods and services produced by the wholesale trade industry in the District of Columbia. It is a key indicator of economic activity, as the wholesale sector plays a vital role in the distribution of products and supplies throughout the region.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using the chain-type quantity index methodology.
Historical Context
Analysts and policymakers monitor this index to assess the District's economic performance and make informed decisions about fiscal, monetary, and regulatory policies.
Key Facts
- The index uses 2012 as the base year.
- Wholesale trade accounts for about 3% of the District's GDP.
- The index reached its highest level in 2019 before declining during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This index measures the inflation-adjusted output of the wholesale trade sector in the District of Columbia's economy.
Q: Why is this trend relevant for users or analysts?
A: The wholesale trade index is a key indicator of economic activity and business conditions in the District, providing insights for policymakers and market participants.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using the chain-type quantity index methodology.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor this index to assess the District's economic performance and make informed decisions about fiscal, monetary, and regulatory policies.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Federal Reserve, with typical release delays of 1-2 months.
Related Trends
Chain-Type Quantity Index for Real GDP: Social Assistance (624) in the District of Columbia
DCSOCASSQGSP
Chain-Type Quantity Index for Real GDP: Private Goods-Producing Industries in the District of Columbia
DCPRIGOODPROQGSP
Real Gross Domestic Product: Fabricated Metal Product Manufacturing (332) in the District of Columbia
DCFABRMETRGSP
All Employees: Leisure and Hospitality: Accommodation and Food Services in District of Columbia
SMS11000007072000001
Gross Domestic Product: Private Services-Providing Industries in the District of Columbia
DCPRISERVPRONGSP
Real Gross Domestic Product: Natural Resources and Mining (11, 21) in the District of Columbia
DCNATRESMINRGSP
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Wholesale Trade (42) in the District of Columbia (DCWHOLEQGSP), retrieved from FRED.