Gross Domestic Product: Wholesale Trade (42) in Virginia
VAWHOLENQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33,928.60
Year-over-Year Change
11.81%
Date Range
1/1/2005 - 1/1/2025
Summary
The Gross Domestic Product: Wholesale Trade (42) in Virginia metric measures the economic output of the wholesale trade sector in the state of Virginia. This indicator is closely watched by economists and policymakers to assess the health and growth of Virginia's overall 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 Virginia represents the total value added by the wholesale trade industry, which includes businesses that sell goods to other businesses rather than directly to consumers. This metric provides insight into broader economic trends and the performance of a key component of Virginia's GDP.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Trends in Virginia's wholesale trade GDP are used by economists, businesses, and policymakers to inform economic forecasting, investment decisions, and policy discussions.
Key Facts
- Virginia's wholesale trade GDP was $72.7 billion in 2021.
- The wholesale trade sector accounts for approximately 10% of Virginia's total GDP.
- Wholesale trade GDP in Virginia has grown at an average annual rate of 3.2% over the past 10 years.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product: Wholesale Trade (42) in Virginia metric measures the total economic output of the wholesale trade sector in the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the health and performance of a key component of Virginia's economy, which is closely watched by economists, businesses, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: Trends in Virginia's wholesale trade GDP are used by economists, businesses, and policymakers to inform economic forecasting, investment decisions, and policy discussions.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis with a typical delay of 2-3 months.
Related Trends
Chain-Type Quantity Index for Real GDP: Arts, Entertainment, Recreation, Accommodation, and Food Services (71, 72) in Virginia
VAARTETRTACCFDQGSP
Chain-Type Quantity Index for Real GDP: Trade (42, 44-45) in Virginia
VATRADEQGSP
Average Hourly Earnings of Production Employees: Manufacturing in Virginia
SMU51000003000000008A
Real Gross Domestic Product: Chemical Manufacturing (325) in Virginia
VACHEMMANRGSP
Average Weekly Hours of All Employees: Trade, Transportation, and Utilities in Virginia
SMU51000004000000002A
Per Capita Personal Consumption Expenditures: Nondurable Goods: Food and Beverages Purchased for Off-Premises Consumption for Virginia
VAPCEPCFOOD
Citation
U.S. Federal Reserve, Gross Domestic Product: Wholesale Trade (42) in Virginia (VAWHOLENQGSP), retrieved from FRED.