Real Gross Domestic Product: Wholesale Trade (42) in Maryland
MDWHOLERQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,935.30
Year-over-Year Change
-1.79%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the real gross domestic product (GDP) for the wholesale trade sector in the state of Maryland. It provides insights into the overall performance and productivity of this key industry within 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 in Maryland. This metric is used by economists and policymakers to analyze the state's economic growth, productivity, and the relative strength of the wholesale sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Trends in wholesale trade GDP are closely monitored for their implications on employment, consumer prices, and overall state economic performance.
Key Facts
- Maryland's wholesale trade GDP accounts for over 10% of the state's total economic output.
- The wholesale trade sector employs more than 150,000 workers in Maryland.
- Real wholesale trade GDP in Maryland has grown by 20% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product (GDP) for the wholesale trade industry in the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: Tracking the performance of Maryland's wholesale trade sector provides insights into the state's overall economic growth, productivity, and the relative strength of this key industry.
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: Trends in wholesale trade GDP are closely monitored by economists and policymakers for their implications on employment, consumer prices, and overall state economic performance.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Economic Analysis, with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Wholesale Trade (42) in Maryland (MDWHOLERQGSP), retrieved from FRED.