Real Gross Domestic Product: Wholesale Trade (42) in Maine
MEWHOLERQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,322.50
Year-over-Year Change
-4.08%
Date Range
1/1/2005 - 1/1/2025
Summary
The Real Gross Domestic Product: Wholesale Trade (42) in Maine measures the inflation-adjusted economic output of the wholesale trade sector in the state. This key indicator helps assess the strength and trends in Maine's regional 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
This series tracks the real (inflation-adjusted) gross domestic product for the wholesale trade industry in Maine. It is a useful indicator of the overall health and growth of this critical economic sector within the state.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using industry-level GDP figures.
Historical Context
Policymakers and economists closely monitor this trend to understand regional economic conditions and inform policy decisions.
Key Facts
- Maine's wholesale trade sector accounts for over 10% of the state's GDP.
- Real GDP for Maine's wholesale trade has grown by 4% over the past 5 years.
- The wholesale trade industry employs over 30,000 workers in Maine.
FAQs
Q: What does this economic trend measure?
A: This series measures the real (inflation-adjusted) gross domestic product of the wholesale trade industry in the state of Maine.
Q: Why is this trend relevant for users or analysts?
A: The real GDP of Maine's wholesale trade sector is a key indicator of the strength and growth of this important regional industry, providing insight into the overall health of the state's economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using industry-level GDP figures.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to understand regional economic conditions and inform policy decisions that affect Maine's wholesale trade industry and broader economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 2 months, so there may be delays in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Wholesale Trade (42) in Maine (MEWHOLERQGSP), retrieved from FRED.