Gross Domestic Product: Wholesale Trade (42) in Oregon
ORWHOLENGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,147.20
Year-over-Year Change
52.22%
Date Range
1/1/1997 - 1/1/2024
Summary
The Gross Domestic Product: Wholesale Trade (42) in Oregon measures the total economic output of the wholesale trade industry in the state. This metric is important for analyzing Oregon's economic health and competitiveness.
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 Oregon represents the total value added by the wholesale trade sector to the state's overall economic production. It is a key indicator of activity and growth within this critical industry, which serves as an intermediary between manufacturers and retailers.
Methodology
This data is collected and calculated by the U.S. Bureau of Economic Analysis using state-level GDP figures.
Historical Context
Policymakers and analysts use this metric to evaluate Oregon's economic performance and competitiveness relative to other states.
Key Facts
- Oregon's wholesale trade GDP was $23.3 billion in 2021.
- The wholesale sector accounts for 8.7% of Oregon's total GDP.
- Wholesale trade GDP in Oregon has grown by 18% since 2015.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product: Wholesale Trade (42) in Oregon measures the total economic output of the wholesale trade industry within the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for analyzing Oregon's economic health and competitiveness, as the wholesale trade sector is a critical part of the state's overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using state-level GDP figures.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate Oregon's economic performance and competitiveness relative to other states.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedules and potential revisions as other state-level GDP statistics published by the Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Wholesale Trade (42) in Oregon (ORWHOLENGSP), retrieved from FRED.