Real Gross Domestic Product: Trade (42, 44-45) in Louisiana
LATRADERGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30,434.20
Year-over-Year Change
14.86%
Date Range
1/1/1997 - 1/1/2024
Summary
The Real Gross Domestic Product: Trade (42, 44-45) in Louisiana measures the inflation-adjusted economic output of the trade sector in Louisiana. This trend is an important indicator of the state's economic health and activity.
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 tracks the real GDP contribution of the trade industry, which includes wholesale and retail trade, in Louisiana. It provides insights into the performance and growth of this key economic sector within the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and analysts use this trend to assess the overall strength of Louisiana's economy and make informed decisions.
Key Facts
- Louisiana's trade sector accounts for a significant portion of its overall economic output.
- This trend has shown steady growth in recent years, indicating a robust trade industry in the state.
- The trade sector is a key driver of employment and income in Louisiana.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product (GDP) of the trade sector, which includes wholesale and retail trade, in the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the performance and growth of Louisiana's trade industry, which is an important component of the state's overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the overall strength of Louisiana's economy and make informed decisions about economic development, trade policies, and other initiatives.
Q: Are there update delays or limitations?
A: There may be occasional delays in the release of this data, and it is subject to revisions by the statistical agency over time.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Trade (42, 44-45) in Louisiana (LATRADERGSP), retrieved from FRED.