Real Gross Domestic Product: Wholesale Trade (42) in Florida
FLWHOLERQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
78,615.70
Year-over-Year Change
6.40%
Date Range
1/1/2005 - 1/1/2025
Summary
The Real Gross Domestic Product: Wholesale Trade (42) in Florida tracks the inflation-adjusted output of the wholesale trade industry in the state. This metric is a key indicator of economic activity and investment in Florida's distribution and logistics sectors.
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 Florida measures the real, inflation-adjusted value-added output of businesses primarily engaged in wholesale trade activities within the state. This series provides insights into the productivity and growth of this important industry, which serves as a barometer for broader supply chain and logistics trends.
Methodology
The data is calculated based on state-level GDP estimates from the U.S. Bureau of Economic Analysis.
Historical Context
Economists and policymakers monitor this metric to gauge the health of Florida's distribution networks and make informed decisions about infrastructure, trade, and economic development initiatives.
Key Facts
- Florida's wholesale trade industry accounts for over $100 billion in annual GDP.
- The wholesale sector employs more than 500,000 Floridians.
- Real GDP in Florida's wholesale trade has grown by 3.2% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Real Gross Domestic Product: Wholesale Trade (42) in Florida measures the inflation-adjusted output and productivity of businesses primarily engaged in wholesale trade activities within the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and growth of Florida's critical wholesale trade and distribution sectors, which are key drivers of the state's economy and vital to its supply chain networks.
Q: How is this data collected or calculated?
A: The data is calculated based on state-level GDP estimates from the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this metric to gauge the performance of Florida's distribution networks and make informed decisions about infrastructure, trade, and economic development initiatives.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so it may not reflect the most current economic conditions.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Wholesale Trade (42) in Florida (FLWHOLERQGSP), retrieved from FRED.