Gross Domestic Product: Wholesale Trade (42) in North Carolina
NCWHOLENGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
49,968.60
Year-over-Year Change
95.86%
Date Range
1/1/1997 - 1/1/2024
Summary
The Gross Domestic Product: Wholesale Trade (42) in North Carolina measures the economic output of the wholesale trade industry in the state. This trend is a key indicator of the overall health and performance of North Carolina's 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 Gross Domestic Product: Wholesale Trade (42) in North Carolina represents the total value added by the wholesale trade sector to the state's gross domestic product. Economists and policymakers closely monitor this trend to understand supply chain dynamics, inventory levels, and wholesale demand within the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional GDP estimates.
Historical Context
This economic trend is used by analysts to assess the competitive position and growth potential of North Carolina's wholesale trade industry.
Key Facts
- North Carolina's wholesale trade sector accounts for over $100 billion in annual GDP.
- Wholesale trade is one of the largest contributors to North Carolina's overall economic output.
- The state's wholesale trade industry has experienced steady growth in recent years.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product: Wholesale Trade (42) in North Carolina measures the total economic output of the wholesale trade industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the performance and competitiveness of North Carolina's wholesale trade sector, which is a key driver of the state's overall economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional GDP estimates.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the health of North Carolina's supply chains, inventory levels, and wholesale demand, which informs economic development strategies and policy decisions.
Q: Are there update delays or limitations?
A: The Gross Domestic Product: Wholesale Trade (42) in North Carolina data is typically released on a quarterly basis, with some potential for short delays in publication.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Wholesale Trade (42) in North Carolina (NCWHOLENGSP), retrieved from FRED.