Sectoral Output for Wholesale Trade: Miscellaneous Durable Goods Merchant Wholesalers (NAICS 4239) in the United States
Millions of Dollars
IPUGN4239T300000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
248,766.05
Year-over-Year Change
25.75%
Date Range
1/1/1987 - 1/1/2024
Summary
The 'Millions of Dollars' economic trend measures the total value of goods and services produced in the United States. It is a key indicator of economic growth and a primary focus for policymakers.
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 Gross Domestic Product (GDP) of the United States, adjusted for inflation and reported in millions of dollars. GDP is the most comprehensive measure of the nation's economic output and is closely watched by economists, investors, and government officials.
Methodology
The Bureau of Economic Analysis (BEA) calculates GDP by aggregating consumer spending, business investment, government spending, and net exports.
Historical Context
Analysts and policymakers closely monitor GDP growth as it informs decisions on interest rates, fiscal policy, and economic strategy.
Key Facts
- GDP accounts for over 70% of U.S. economic activity.
- The U.S. GDP was $23.9 trillion in 2021.
- GDP growth is a primary goal of fiscal and monetary policy.
FAQs
Q: What does this economic trend measure?
A: The 'Millions of Dollars' trend measures the total value of goods and services produced in the United States, which is known as the Gross Domestic Product (GDP).
Q: Why is this trend relevant for users or analysts?
A: GDP is a key indicator of economic health and growth, and is closely tracked by policymakers, investors, and economists to inform decisions about monetary policy, fiscal policy, and market strategy.
Q: How is this data collected or calculated?
A: The Bureau of Economic Analysis (BEA) calculates GDP by aggregating consumer spending, business investment, government spending, and net exports.
Q: How is this trend used in economic policy?
A: Policymakers, such as the Federal Reserve, monitor GDP growth closely and use it to inform decisions on interest rates, fiscal policy, and overall economic strategy.
Q: Are there update delays or limitations?
A: GDP data is published quarterly by the BEA, with an initial estimate followed by two revisions. There is typically a 1-2 month delay in the release of the GDP figures.
Related Trends
Labor Compensation for Wholesale Trade: Merchant Wholesalers, Nondurable Goods (NAICS 424) in the United States
IPUGN424L021000000
Sectoral Output Price Deflator for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 424210) in the United States
IPUGN424210T050000000
Hours Worked for Wholesale Trade: Lumber and Other Construction Materials Merchant Wholesalers (NAICS 4233) in the United States
IPUGN4233L200000000
Real Sectoral Output for Wholesale Trade: Farm Product Raw Material Merchant Wholesalers (NAICS 4245) in the United States
IPUGN4245T010000000
Output per Worker for Wholesale Trade: Grocery and Related Product Wholesalers (NAICS 4244) in the United States
IPUGN4244W001000000
Sectoral Output Price Deflator for Wholesale Trade: Furniture and Home Furnishing Merchant Wholesalers (NAICS 4232) in the United States
IPUGN4232T050000000
Citation
U.S. Federal Reserve, Millions of Dollars (IPUGN4239T300000000), retrieved from FRED.