Real Gross Domestic Product: Retail Trade (44-45) in Wisconsin
WIRETAILRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23,287.20
Year-over-Year Change
27.34%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the real gross domestic product (GDP) for the retail trade sector in the state of Wisconsin. It provides important insights into the health and performance of Wisconsin's retail 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 Real Gross Domestic Product: Retail Trade (44-45) in Wisconsin series tracks the inflation-adjusted output of the retail trade sector in the state's economy. It is a key indicator of consumer spending and economic activity in the region.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and analysts use this metric to assess the strength of Wisconsin's consumer-driven economy and make informed decisions.
Key Facts
- Wisconsin's retail trade sector accounts for over 11% of the state's total GDP.
- This metric has shown steady growth over the past decade, indicating a robust consumer market.
- The retail trade industry employs more than 400,000 workers in Wisconsin.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product of the retail trade sector in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: The retail trade GDP metric provides valuable insights into consumer spending and the overall health of Wisconsin's economy.
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: Policymakers and analysts use this metric to assess the strength of Wisconsin's consumer-driven economy and make informed decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Retail Trade (44-45) in Wisconsin (WIRETAILRQGSP), retrieved from FRED.