Real Gross Domestic Product: Wholesale Trade (42) in Wisconsin
WIWHOLERGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,067.10
Year-over-Year Change
14.89%
Date Range
1/1/1997 - 1/1/2024
Summary
The Real Gross Domestic Product: Wholesale Trade (42) in Wisconsin measures the inflation-adjusted economic output of the wholesale trade sector in the state. It is a key indicator of the health and productivity of this important 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
This series tracks the real (inflation-adjusted) value added by the wholesale trade industry in Wisconsin, which includes businesses engaged in the merchant wholesale distribution of durable and nondurable goods. It is a component of the overall state GDP and provides insight into the performance of this major economic sector.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Historical Context
Policymakers and analysts use this metric to assess the strength of Wisconsin's wholesale trade industry and its contribution to the broader state economy.
Key Facts
- Wisconsin's wholesale trade sector accounts for over 5% of the state's GDP.
- Real GDP in Wisconsin's wholesale trade industry has grown by 12% in the past decade.
- The wholesale trade industry employs over 100,000 workers in Wisconsin.
FAQs
Q: What does this economic trend measure?
A: This trend measures the inflation-adjusted economic output or real value added by the wholesale trade industry in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: The performance of the wholesale trade sector is an important indicator of Wisconsin's broader economic health and productivity, providing insights for policymakers and businesses.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the strength of Wisconsin's wholesale trade industry and its contribution to the overall state economy, informing economic development strategies.
Q: Are there update delays or limitations?
A: This data is published quarterly by the U.S. Bureau of Economic Analysis, with a typical 2-3 month lag in availability.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Wholesale Trade (42) in Wisconsin (WIWHOLERGSP), retrieved from FRED.