Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Colorado
CORETAILQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
123.23
Year-over-Year Change
23.99%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Colorado measures the real output of the retail trade sector in the state. This metric is important for economists and policymakers to understand consumer demand and economic activity.
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: Retail Trade (44-45) in Colorado tracks the real, inflation-adjusted volume of goods and services produced by the retail trade industry in the state. This index is a key indicator of consumer spending and economic conditions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using survey information and other economic indicators.
Historical Context
This metric provides important insights into consumer behavior and is used by policymakers, analysts, and businesses to monitor the health of the Colorado economy.
Key Facts
- The index is based on 2012 as the base year.
- Retail trade accounts for over 6% of Colorado's GDP.
- The index experienced a sharp decline during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Colorado measures the real, inflation-adjusted output of the retail trade sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into consumer spending and economic conditions in Colorado, which is vital information for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using survey information and other economic indicators.
Q: How is this trend used in economic policy?
A: This index is used by policymakers, analysts, and businesses to monitor the health of the Colorado economy and consumer behavior.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be a short delay in availability compared to the reference period.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Colorado (CORETAILQQGSP), retrieved from FRED.