Gross Domestic Product: Wholesale Trade (42) in Colorado
COWHOLENQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30,683.90
Year-over-Year Change
10.68%
Date Range
1/1/2005 - 1/1/2025
Summary
The Gross Domestic Product: Wholesale Trade (42) in Colorado trend measures the economic output of the wholesale trade industry in the state. This key indicator provides insights into the health and performance of Colorado's economy.
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 Gross Domestic Product: Wholesale Trade (42) in Colorado represents the total value added by the wholesale trade sector to the state's overall economic production. Economists and policymakers use this data to analyze industry-level contributions and regional economic trends.
Methodology
This data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-level GDP figures.
Historical Context
Tracking the Gross Domestic Product: Wholesale Trade (42) in Colorado helps inform economic and policy decisions that impact the state's businesses and consumers.
Key Facts
- Colorado's wholesale trade GDP was $43.6 billion in 2021.
- The wholesale trade sector accounts for 8.4% of Colorado's total economic output.
- Wholesale trade GDP in Colorado grew by 3.2% in 2021.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product: Wholesale Trade (42) in Colorado measures the total economic output of the wholesale trade industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and contributions of the wholesale trade sector, which is a key driver of Colorado'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 industry-level GDP figures.
Q: How is this trend used in economic policy?
A: Tracking the Gross Domestic Product: Wholesale Trade (42) in Colorado helps inform economic and policy decisions that impact the state's businesses and consumers.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis, with some potential for minor delays in publication.
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Citation
U.S. Bureau of Economic Analysis, Gross Domestic Product: Wholesale Trade (42) in Colorado (COWHOLENQGSP), retrieved from FRED.