Real Gross Domestic Product: Wholesale Trade (42) in Colorado
COWHOLERQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,425.70
Year-over-Year Change
-3.06%
Date Range
1/1/2005 - 1/1/2025
Summary
The Real Gross Domestic Product: Wholesale Trade (42) in Colorado measures the inflation-adjusted output of the wholesale trade industry in the state. This indicator is closely watched by economists and policymakers to assess the health 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 Real Gross Domestic Product: Wholesale Trade (42) in Colorado represents the total value of goods sold by wholesale establishments in the state, adjusted for inflation. Wholesale trade is a key component of overall economic activity and an important driver of employment and investment.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of wholesale businesses.
Historical Context
Trends in Colorado's wholesale GDP are used by policymakers and analysts to inform decisions around economic development, taxation, and infrastructure.
Key Facts
- Colorado's wholesale GDP accounts for over 10% of the state's total economic output.
- Wholesale trade employs more than 150,000 people in Colorado.
- The wholesale industry in Colorado has grown by an average of 3% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Real Gross Domestic Product: Wholesale Trade (42) in Colorado measures the inflation-adjusted output of the wholesale trade industry in the state.
Q: Why is this trend relevant for users or analysts?
A: Trends in Colorado's wholesale GDP are closely watched by economists and policymakers as an indicator of the state's overall economic health and performance.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of wholesale businesses in Colorado.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use Colorado's wholesale GDP data to inform decisions around economic development, taxation, and infrastructure investment in the state.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Wholesale Trade (42) in Colorado (COWHOLERQGSP), retrieved from FRED.