Gross Domestic Product: Wholesale Trade (42) in Connecticut
CTWHOLENQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,743.40
Year-over-Year Change
15.08%
Date Range
1/1/2005 - 1/1/2025
Summary
The Gross Domestic Product: Wholesale Trade (42) in Connecticut measures the economic output of the wholesale trade industry in the state. This data is important for analyzing regional economic trends and informing policy decisions.
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 series represents the total gross domestic product (GDP) generated by the wholesale trade industry in Connecticut. Economists and policymakers use this data to assess the performance and contributions of the wholesale sector to the state's overall economic activity.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of economic indicators and surveys.
Historical Context
This economic trend data is used to inform state-level economic policies and business decisions within the wholesale trade industry.
Key Facts
- Connecticut's wholesale trade industry contributed over $33 billion to the state's GDP in 2021.
- The wholesale trade sector accounts for approximately 7% of Connecticut's total economic output.
- GDP from wholesale trade in Connecticut has grown by an average of 2.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total gross domestic product (GDP) generated by the wholesale trade industry in the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This data is important for analyzing the performance and contribution of the wholesale trade sector to Connecticut's overall economic activity, which can inform policy decisions and business strategies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of economic indicators and surveys.
Q: How is this trend used in economic policy?
A: This economic trend data is used to inform state-level economic policies and business decisions within the wholesale trade industry in Connecticut.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, with a typical release delay of 2-3 months.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Wholesale Trade (42) in Connecticut (CTWHOLENQGSP), retrieved from FRED.