Chain-Type Quantity Index for Real GDP: Wholesale Trade (42) in Alabama
ALWHOLEQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.44
Year-over-Year Change
18.87%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Wholesale Trade (42) in Alabama measures the real volume of economic output in the wholesale trade sector of Alabama's economy. This metric is important for economists and policymakers to understand trends in the state's economic production and the factors driving changes in this sector.
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 Alabama is a seasonally adjusted economic indicator that tracks the real volume of goods and services produced in the wholesale trade industry within the state. It serves as a proxy for the overall economic health and productivity of the wholesale sector, which is a key driver of Alabama's economic growth.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This trend is closely monitored by economists, market analysts, and policymakers to assess the performance of Alabama's economy and inform decisions around economic policy, investment, and resource allocation.
Key Facts
- The index is seasonally adjusted to account for annual fluctuations.
- The wholesale trade sector accounts for over 15% of Alabama's total economic output.
- This metric has shown steady growth since the Great Recession, indicating a strengthening of the state's wholesale industry.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Wholesale Trade (42) in Alabama measures the real volume of economic output in the wholesale trade sector of the state's economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding trends in Alabama's economic production and the factors driving changes in the wholesale trade sector, which is a key driver of the state's overall economic growth.
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: This trend is closely monitored by economists, market analysts, and policymakers to assess the performance of Alabama's economy and inform decisions around economic policy, investment, and resource allocation.
Q: Are there update delays or limitations?
A: The data is updated quarterly and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Wholesale Trade (42) in Alabama (ALWHOLEQGSP), retrieved from FRED.