Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Maryland
MDRETAILQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
115.14
Year-over-Year Change
26.04%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Maryland measures the real (inflation-adjusted) output of the retail trade sector in the state. This key economic indicator provides insights into consumer spending and economic 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
The Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Maryland tracks the real value-added output of the retail trade industry, which encompasses stores that sell merchandise directly to the public. This metric is used by economists and policymakers to analyze consumer demand, the health of the state's economy, and broader macroeconomic trends.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using industry-level GDP figures.
Historical Context
This index is closely watched by analysts as a gauge of consumer spending and economic conditions in Maryland.
Key Facts
- The index uses a chain-weighted formula to track real GDP.
- Retail trade comprises about 5% of Maryland's total economic output.
- The index has shown steady growth since the Great Recession.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Maryland measures the real, inflation-adjusted output of the retail trade sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into consumer spending and the overall health of Maryland's economy, making it a closely watched indicator by economists and policymakers.
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 figures for the retail trade sector in Maryland.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this index to gauge consumer demand, economic activity, and broader macroeconomic trends in Maryland, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Economic Analysis with a typical lag of several months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Maryland (MDRETAILQQGSP), retrieved from FRED.