Real Gross Domestic Product: Wholesale Trade (42) in Arizona
Annual, Not Seasonally Adjusted
AZWHOLERGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,563.90
Year-over-Year Change
16.67%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted series measures the annual growth rate of real gross state product, which is a key indicator of economic performance at the state level.
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 economic series tracks the year-over-year change in total real economic output for a given U.S. state, adjusting for inflation. It provides insights into the overall health and growth trajectory of state economies.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using survey responses and other statistical sources.
Historical Context
Policymakers and analysts use this metric to assess regional economic conditions and make informed decisions.
Key Facts
- The series covers all 50 U.S. states and the District of Columbia.
- Growth rates are adjusted for inflation using the national GDP deflator.
- The data is released on a quarterly basis with a lag of several months.
FAQs
Q: What does this economic trend measure?
A: This series tracks the annual, inflation-adjusted growth rate of real gross state product, which is a comprehensive measure of each state's total economic output.
Q: Why is this trend relevant for users or analysts?
A: The annual growth rate of real gross state product is a key indicator of regional economic performance and can inform policy decisions, investment strategies, and assessments of local market conditions.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Bureau of Economic Analysis using a variety of statistical sources, including surveys and other economic indicators.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to evaluate the relative strength of state economies, identify regional trends, and make informed decisions about fiscal, monetary, and economic development policies.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a lag of several months, so it may not reflect the most recent economic conditions. Additionally, the series does not account for seasonal variations in state-level economic activity.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (AZWHOLERGSP), retrieved from FRED.