Real Gross Domestic Product: Retail Trade (44-45) in North Carolina
Annual, Not Seasonally Adjusted
NCRETAILRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41,471.80
Year-over-Year Change
78.77%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted retail and food services sales trend measures total sales by U.S. retailers and food service providers. It is a key indicator of consumer spending and economic activity.
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 tracks the total value of retail and food service sales in the United States on an annual, not seasonally adjusted basis. Retail sales data is a fundamental input used by economists and policymakers to gauge the health of the consumer sector and broader economy.
Methodology
The U.S. Census Bureau collects this data through monthly surveys of retail establishments.
Historical Context
Retail sales figures help inform monetary and fiscal policy decisions.
Key Facts
- Annual retail sales peaked at $6.7 trillion in 2021.
- Retail sales make up about 30% of total U.S. economic activity.
- E-commerce accounted for 14.3% of total retail sales in 2021.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted retail and food services sales trend measures the total value of sales by U.S. retailers and food service providers on an annual basis.
Q: Why is this trend relevant for users or analysts?
A: Retail sales data is a fundamental indicator of consumer spending and economic activity, making it highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through monthly surveys of retail establishments.
Q: How is this trend used in economic policy?
A: Retail sales figures help inform monetary and fiscal policy decisions by providing insights into the health of the consumer sector and broader economy.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted data is published with a lag of several months following the end of the calendar year.
Related Trends
Forestry, Fishing, Related Activities and Other Wages and Salaries in North Carolina
NCWFOR
Average Weekly Earnings of All Employees: Private Service Providing in North Carolina
SMU37000000800000011
Housing Inventory: Median Days on Market in North Carolina
MEDDAYONMARNC
Chain-Type Quantity Index for Real GDP: Administrative and Support Services (561) in North Carolina
NCADMINSUPQGSP
Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for North Carolina
NCPCEFUR
Personal Consumption Expenditures: Nondurable Goods: Food and Beverages Purchased for Off-Premises Consumption for North Carolina
NCPCEFOOD
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (NCRETAILRGSP), retrieved from FRED.