Chain-Type Quantity Index for Real GDP: Wholesale Trade (42) in Indiana
INWHOLEQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.60
Year-over-Year Change
16.50%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Wholesale Trade (42) in Indiana measures the real output of the wholesale trade sector in Indiana. This metric is important for economists and policymakers to analyze the state's economic performance and identify growth trends.
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 Chain-Type Quantity Index for Real GDP: Wholesale Trade (42) in Indiana is a measure of the real, inflation-adjusted output of the wholesale trade industry in the state. It provides insight into the productivity and economic contribution of this key sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a chain-type index methodology.
Historical Context
This economic trend is relevant for understanding Indiana's economic conditions and can inform policy decisions and market analysis.
Key Facts
- The index uses 2012 as the base year.
- Wholesale trade accounts for over 7% of Indiana's GDP.
- The index has increased by 13% since 2010.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Wholesale Trade (42) in Indiana measures the real, inflation-adjusted output of the wholesale trade sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the productivity and economic contribution of the wholesale trade industry in Indiana, which is an important sector for the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using a chain-type index methodology.
Q: How is this trend used in economic policy?
A: This economic trend is relevant for understanding Indiana's economic conditions and can inform policy decisions and market analysis.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the U.S. Bureau of Economic Analysis, with a lag of several months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Wholesale Trade (42) in Indiana (INWHOLEQGSP), retrieved from FRED.