Gross Domestic Product: Retail Trade (44-45) in Oregon
ORRETAILNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,253.10
Year-over-Year Change
13.57%
Date Range
1/1/2005 - 1/1/2025
Summary
The Gross Domestic Product: Retail Trade (44-45) in Oregon measures the output of the retail trade sector in the state. It is an important economic indicator that reflects consumer spending and business 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 metric represents the real dollar value of the retail trade industry's contribution to Oregon's overall economic production. It is used by economists and policymakers to understand consumer behavior, evaluate the state's economic health, and inform decision-making.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic modeling.
Historical Context
The retail trade GDP metric provides insight into consumer spending patterns and the broader Oregon economy, which is relevant for fiscal and monetary policy.
Key Facts
- Oregon's retail trade GDP reached $53.9 billion in 2021.
- The sector accounts for over 10% of Oregon's total economic output.
- Retail trade GDP has grown by 17% in Oregon since 2015.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product: Retail Trade (44-45) in Oregon measures the real dollar value of the retail trade industry's contribution to the state's overall economic production.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into consumer spending patterns and the broader health of the Oregon economy, which is relevant for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using surveys and economic modeling.
Q: How is this trend used in economic policy?
A: The retail trade GDP metric is used by economists and policymakers to understand consumer behavior, evaluate the state's economic performance, and inform fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is typically released with a lag of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Retail Trade (44-45) in Oregon (ORRETAILNQGSP), retrieved from FRED.