Real Gross Domestic Product: Wholesale Trade (42) in Idaho
Annual, Not Seasonally Adjusted
IDWHOLERGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,136.40
Year-over-Year Change
70.31%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' economic trend measures the total output of the U.S. economy, providing a broad indicator of national economic performance.
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 metric, also known as real GDP, tracks the total value of all goods and services produced within the United States over a one-year period. It is a key statistic used by economists and policymakers to assess the overall health and growth of the national economy.
Methodology
The data is calculated based on surveys and economic indicators collected by the U.S. Bureau of Economic Analysis.
Historical Context
Trends in real GDP are closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- Real GDP grew by 5.7% in 2021.
- The U.S. economy contracted by 3.4% in 2020 due to the COVID-19 pandemic.
- Real GDP per capita is a common measure of living standards.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the total output of the U.S. economy, known as real GDP, over a one-year period.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a key indicator of national economic performance and growth, making it crucial for economists, policymakers, and market analysts to monitor.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on surveys and economic indicators.
Q: How is this trend used in economic policy?
A: Trends in real GDP are closely watched by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The 'Annual, Not Seasonally Adjusted' real GDP data is typically published with a lag of several months by the Bureau of Economic Analysis.
Related Trends
Imports of Goods for Idaho
IMPTOTID
Average Weekly Earnings of All Employees: Leisure and Hospitality in Idaho
SMU16000007000000011A
Value of Exports to Germany from Idaho
IDDEUA052SCEN
All Employees: Education and Health Services: Health Care and Social Assistance in Idaho
SMS16000006562000001
Per Capita Personal Consumption Expenditures: Nondurable Goods for Idaho
IDPCEPCNDURG
Employment Level for Idaho
EMPLOYID
Citation
U.S. Federal Reserve, Real Gross Domestic Product (IDWHOLERGSP), retrieved from FRED.