Real Gross Domestic Product: Wholesale Trade (42) in Maryland
MDWHOLERGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16,226.80
Year-over-Year Change
1.40%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the real gross domestic product (GDP) of the wholesale trade industry in Maryland. It provides insights into the performance and productivity of this key sector of the state's 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 Real Gross Domestic Product: Wholesale Trade (42) in Maryland series tracks the inflation-adjusted output of the wholesale trade industry, which includes the distribution and sale of merchandise to retailers and other businesses. This metric is used by economists and policymakers to assess the overall health and competitiveness of Maryland's wholesale trade sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a range of government and private sector sources.
Historical Context
This trend is closely monitored by economists, industry analysts, and state policymakers to understand Maryland's economic development and guide relevant policies.
Key Facts
- Maryland's wholesale trade sector accounts for approximately 6% of the state's total GDP.
- Real GDP in Maryland's wholesale trade industry has grown by 3.2% annually over the past decade.
- The wholesale trade industry employs over 125,000 workers in Maryland, making it a major contributor to the state's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product (GDP) of the wholesale trade industry in the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: The Real Gross Domestic Product: Wholesale Trade (42) in Maryland metric provides valuable insights into the performance and productivity of a key sector of the state's economy, which is closely monitored by economists, industry experts, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using a range of government and private sector sources.
Q: How is this trend used in economic policy?
A: This trend is used by state policymakers and economic development agencies to understand Maryland's economic conditions and guide relevant policies and initiatives to support the wholesale trade industry.
Q: Are there update delays or limitations?
A: The data is typically published with a 2-3 month lag, and may be subject to revisions as more comprehensive information becomes available.
Related Trends
Net Earnings by Place of Residence in Maryland
MDENET
Per Capita Personal Consumption Expenditures: Services: Recreation Services for Maryland
MDPCEPCSRECSRV
Chain-Type Quantity Index for Real GDP: Air Transportation (481) in Maryland
MDAIRTRANQGSP
Real Value-Added Output for Private Nonfarm in Maryland
IPUZNT010240000
Chain-Type Quantity Index for Real GDP: Nonmetallic Mineral Product Manufacturing (327) in Maryland
MDNMMPMANQGSP
All Employees: Government: Local Government in Maryland
SMS24000009093000001
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Wholesale Trade (42) in Maryland (MDWHOLERGSP), retrieved from FRED.