Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Massachusetts
MARETAILQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121.84
Year-over-Year Change
26.50%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Massachusetts measures the inflation-adjusted output of the retail trade industry in the state. This metric provides insight into the health and growth of the Massachusetts consumer economy.
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 Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Massachusetts is a measure of the real, inflation-adjusted gross domestic product (GDP) contribution from the retail trade sector in the state. This index is a useful indicator of consumer spending and economic activity in the region.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index formula.
Historical Context
Policymakers and economists monitor this metric to gauge the strength of Massachusetts' consumer-driven economy.
Key Facts
- Retail trade makes up about 12% of Massachusetts' total GDP.
- The index uses 2012 as the base year for calculating real GDP.
- Quarterly data is available from 2005 to the present.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Massachusetts measures the inflation-adjusted output of the retail trade industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and growth of the Massachusetts consumer economy, which is crucial for policymakers and economists monitoring the state's economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index formula.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this metric to gauge the strength of Massachusetts' consumer-driven economy and make informed decisions.
Q: Are there update delays or limitations?
A: Quarterly data is available from 2005 to the present, with no significant update delays.
Related Trends
Total Deposits in All Banks in Massachusetts
X08TDABMA
All Employees: Manufacturing: Durable Goods: Machinery Manufacturing in Massachusetts
SMU25000003133300001SA
Personal Consumption Expenditures: Services: Transportation Services for Massachusetts
MAPCETRANS
Average Weekly Earnings of All Employees: Manufacturing in Massachusetts
SMU25000003000000011
Estimate of People Age 0-17 in Poverty in Massachusetts
PEU18MA25000A647NCEN
Production or Nonsupervisory Employees: Durable Goods: Computer and Electronic Product Manufacturing in Massachusetts
SMU25000003133400006A
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Massachusetts (MARETAILQQGSP), retrieved from FRED.