Real Gross Domestic Product: Wholesale Trade (42) in Indiana
Annual, Not Seasonally Adjusted
INWHOLERGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21,367.20
Year-over-Year Change
16.50%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' economic trend measures the total economic output of the entire retail trade sector in the United States. It is a key indicator of the overall health and performance of the retail industry.
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 economic series represents the total inflation-adjusted gross output of the retail trade sector, which includes all businesses engaged in the sale of merchandise to the general public for personal or household consumption. It is a widely followed metric that provides insight into consumer spending patterns and the broader economy.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on surveys of retail establishments.
Historical Context
Policymakers and analysts use this metric to assess the state of consumer demand and make informed decisions about economic policy.
Key Facts
- The retail trade sector accounts for over $6 trillion in annual economic output.
- Retail sales make up approximately 30% of total U.S. gross domestic product (GDP).
- The retail industry employs over 15 million workers in the United States.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total inflation-adjusted gross output of the retail trade sector in the United States, which includes all businesses engaged in the sale of merchandise to the general public.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer spending patterns and the overall health of the retail industry, which is a crucial component of the broader U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau based on surveys of retail establishments.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the state of consumer demand and make informed decisions about economic policy, such as interest rates and fiscal measures.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (INWHOLERGSP), retrieved from FRED.