Real Gross Domestic Product: Wholesale Trade (42) in Massachusetts
MAWHOLERQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24,747.50
Year-over-Year Change
-6.21%
Date Range
1/1/2005 - 1/1/2025
Summary
The Real Gross Domestic Product: Wholesale Trade (42) in Massachusetts measure the real output of the wholesale trade sector in the state's economy. It provides valuable insights into the overall economic health and productivity of Massachusetts.
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 economic trend represents the real, inflation-adjusted value of goods and services produced by the wholesale trade industry in Massachusetts. It is a key indicator of the state's economic performance and can help policymakers and analysts assess the strength and trajectory of the wholesale sector.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using industry-level GDP estimates.
Historical Context
Economists and policymakers monitor this trend to understand the broader economic conditions and make informed decisions regarding fiscal and monetary policies.
Key Facts
- Massachusetts is a leading economic hub in the Northeast U.S.
- Wholesale trade accounts for a significant portion of the state's GDP.
- The trend has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Real Gross Domestic Product: Wholesale Trade (42) in Massachusetts measures the real, inflation-adjusted output of the wholesale trade sector in the state's economy.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the overall economic health and productivity of Massachusetts, as the wholesale trade sector is a key component of the state's GDP.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using industry-level GDP estimates.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to understand the broader economic conditions in Massachusetts and make informed decisions regarding fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve and is subject to the same update schedule and potential revisions as other economic indicators.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Wholesale Trade (42) in Massachusetts (MAWHOLERQGSP), retrieved from FRED.