Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Florida
Annual, Not Seasonally Adjusted
FLRETAILQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
131.46
Year-over-Year Change
74.94%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted (FLRETAILQGSP) trend measures the total value of retail and food services sales in Florida on an annual, non-seasonally adjusted basis. This metric provides insight into consumer spending patterns and economic conditions in the state.
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 Annual, Not Seasonally Adjusted (FLRETAILQGSP) series from the U.S. Census Bureau tracks the total dollar value of retail and food services sales in Florida. This unadjusted annual data is useful for analyzing long-term trends and regional variations in consumer activity.
Methodology
The data is collected through monthly surveys of retail and food services establishments.
Historical Context
Economists and policymakers use this metric to assess the health of Florida's consumer-driven economy.
Key Facts
- Florida's retail and food services sales totaled $452 billion in 2021.
- Retail trade accounts for over 70% of total sales in the state.
- Consumption patterns vary significantly by region within Florida.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted (FLRETAILQGSP) series tracks the total value of retail and food services sales in the state of Florida on an unadjusted annual basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer spending patterns and the overall health of Florida's consumer-driven economy, which is crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail and food services establishments in Florida.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess the strength of consumer demand and make informed decisions about economic policies and interventions in Florida.
Q: Are there update delays or limitations?
A: The data is released annually with a lag of several months, and does not account for seasonal variations in consumer spending.
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Citation
U.S. Census Bureau, Annual, Not Seasonally Adjusted (FLRETAILQGSP), retrieved from FRED.