Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Louisiana
LARETAILQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.60
Year-over-Year Change
27.72%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Louisiana measures the inflation-adjusted output of the retail trade sector in Louisiana. This metric provides valuable insights into the health and growth of the state's consumer-driven 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 Chain-Type Quantity Index tracks the real, inflation-adjusted output of the retail trade industry in Louisiana. Economists and policymakers use this data to assess the performance of the state's consumer-facing businesses and gauge overall economic activity.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology.
Historical Context
This index is a key indicator for Louisiana's economic growth and consumer spending patterns.
Key Facts
- The index is based on 2012 as the reference year.
- Louisiana's retail trade sector accounts for over 12% of the state's total GDP.
- The index has shown steady growth since the mid-2010s.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Louisiana measures the inflation-adjusted output of the retail trade sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the health and growth of Louisiana's consumer-driven economy, which is a key driver of the state's overall economic performance.
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-weighted methodology.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this index to assess the performance of Louisiana's consumer-facing businesses and gauge overall economic activity in the state.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of several months, so there may be a delay in accessing the most recent information.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Louisiana (LARETAILQGSP), retrieved from FRED.