Chain-Type Quantity Index for Real GDP: Wholesale Trade (42) in Utah
UTWHOLEQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.04
Year-over-Year Change
35.43%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Wholesale Trade (42) in Utah measures the inflation-adjusted output of the wholesale trade sector in the state. This metric is a key indicator of economic activity and productivity within Utah's wholesale industry.
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 Chain-Type Quantity Index for Real GDP: Wholesale Trade (42) in Utah is a volume index that tracks the real, inflation-adjusted GDP contribution of the wholesale trade industry in the state. It provides insights into the overall health and trends within Utah's wholesale sector, which is an important component of the state's economy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys and economic modeling.
Historical Context
This metric is used by policymakers, economists, and market analysts to assess the performance and outlook of Utah's wholesale trade industry within the broader state economy.
Key Facts
- Utah's wholesale trade sector accounts for over 10% of the state's GDP.
- The Chain-Type Quantity Index has increased by 25% over the past decade.
- Wholesale trade is a key driver of economic growth in many Utah communities.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Wholesale Trade (42) in Utah measures the inflation-adjusted output and productivity of the wholesale trade sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the performance and outlook of a crucial component of Utah's economy, helping policymakers, economists, and market participants assess the state's economic health and growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on surveys and economic modeling.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, economists, and market analysts to evaluate the state of Utah's wholesale trade industry and its impact on the broader state economy.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve, but may be subject to revisions and updates based on new information and economic conditions.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Wholesale Trade (42) in Utah (UTWHOLEQGSP), retrieved from FRED.