Real Gross Domestic Product: Retail Trade (44-45) in Louisiana
Quarterly, Seasonally Adjusted Annual Rate
LARETAILRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,656.70
Year-over-Year Change
17.54%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate (LARETAILRQGSP) measures the annualized percent change in retail and food service sales in the United States, a key indicator of consumer spending and economic health.
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 quarterly indicator tracks the dollar value of total retail and food service sales, providing insight into consumer demand and confidence. It is a closely watched metric for economists, policymakers, and market analysts.
Methodology
The data is collected through monthly surveys of retail and food service establishments by the U.S. Census Bureau.
Historical Context
Changes in this retail sales trend are used to inform monetary and fiscal policy decisions.
Key Facts
- Retail sales account for nearly 30% of U.S. GDP.
- The series has been published monthly since 1992.
- Retail sales grew 3.3% in the fourth quarter of 2022.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate (LARETAILRQGSP) measures the annualized percent change in retail and food service sales in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into consumer demand and confidence, which are crucial indicators of economic health and performance.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail and food service establishments by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Changes in this retail sales trend are used to inform monetary and fiscal policy decisions by policymakers and central banks.
Q: Are there update delays or limitations?
A: The data is published monthly with a short delay, and the series has been reported since 1992.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (LARETAILRQGSP), retrieved from FRED.