Gross Domestic Product: Wholesale Trade (42) in Indiana
INWHOLENGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30,951.50
Year-over-Year Change
78.69%
Date Range
1/1/1997 - 1/1/2024
Summary
The Gross Domestic Product: Wholesale Trade (42) in Indiana metric measures the economic output of the wholesale trade sector in the state. This statistic is a key indicator of overall economic activity and business-to-business demand.
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 Indiana represents the total value-added output of businesses primarily engaged in wholesale trade activities, such as durable and nondurable goods distribution, within the state. Economists and policymakers monitor this metric to gauge the health of Indiana's commercial trade and logistics industries.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national income and product accounts.
Historical Context
Wholesale trade activity is an important component of broader economic performance and a barometer for business investment and supply chain dynamics.
Key Facts
- Indiana's wholesale trade GDP was $49.7 billion in 2020.
- Wholesale trade accounts for over 10% of Indiana's total economic output.
- The wholesale sector includes durable and nondurable goods distributors.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product: Wholesale Trade (42) in Indiana metric measures the total economic output of businesses primarily engaged in wholesale trade activities within the state.
Q: Why is this trend relevant for users or analysts?
A: This statistic is an important indicator of overall economic health and business-to-business demand in Indiana, providing insights into the performance of the state's commercial trade and logistics industries.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national income and product accounts.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this metric to gauge the health of Indiana's commercial trade and logistics sectors, which are crucial components of the state's broader economic performance.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, with occasional revisions to historical figures.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Wholesale Trade (42) in Indiana (INWHOLENGSP), retrieved from FRED.