Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Maine
MERETAILQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
132.38
Year-over-Year Change
27.43%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Maine measures the real output of the retail trade sector in the state of Maine. This trend is important for economists and policymakers to understand the health and performance of Maine's 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 index tracks the real, inflation-adjusted volume of retail trade activity in Maine. It serves as a key indicator of consumer demand and economic conditions in the state, providing insights into the retail sector's contribution to overall economic growth.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type index methodology.
Historical Context
Policymakers and analysts use this trend to assess the state of Maine's retail industry and its impact on the broader economy.
Key Facts
- The index has a base year of 2012.
- Maine's retail trade sector accounts for a significant portion of the state's GDP.
- The trend is updated quarterly by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted volume of retail trade activity in the state of Maine.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the health and performance of Maine's retail industry, which is a key component of the state's overall economic growth.
Q: How is this data collected or calculated?
A: The data is 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: Policymakers and analysts use this trend to assess the state of Maine's retail industry and its impact on the broader economy, informing policy decisions and economic forecasting.
Q: Are there update delays or limitations?
A: The trend is updated quarterly by the U.S. Bureau of Economic Analysis, and there may be a short delay in the availability of the most recent data.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Maine (MERETAILQQGSP), retrieved from FRED.