Gross Domestic Product: Wholesale Trade (42) in Missouri
Annual, Not Seasonally Adjusted
MOWHOLENGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30,523.80
Year-over-Year Change
73.64%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' series measures the total value of goods and services produced by the U.S. economy over a 12-month period. It is a key indicator of overall economic growth.
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 annual measure of gross national product (GNP) represents the total market value of all final goods and services produced within the United States in a given year. It is a widely followed economic indicator used by policymakers, analysts, and researchers to assess the health and trajectory of the national economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on surveys and estimates of economic activity.
Historical Context
Trends in annual GNP are closely watched by the Federal Reserve and other institutions for insights into inflation, employment, and monetary policy decisions.
Key Facts
- The U.S. GNP topped $23 trillion in 2021.
- Real GNP growth averaged 2.3% per year from 2010-2019.
- GNP contracted by 3.4% in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' series measures the total value of all final goods and services produced by the U.S. economy over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: Trends in annual GNP are a key indicator of overall economic growth and health, providing important insights for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on surveys and estimates of economic activity.
Q: How is this trend used in economic policy?
A: Measures of annual GNP are closely watched by the Federal Reserve and other institutions for insights into inflation, employment, and monetary policy decisions.
Q: Are there update delays or limitations?
A: There can be a several-month delay in the release of annual GNP data as the Bureau of Economic Analysis compiles and validates the underlying economic information.
Related Trends
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MOWTRA
Value of Exports to Turkey from Missouri
MOTURA052SCEN
Gross Domestic Product: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Missouri
MOSECCOMINVNGSP
Number of Member Commercial Banks in Missouri
X08CBMBTMO
All Employees: Financial Activities: Finance and Insurance in Missouri
SMU29000005552000001A
All Employees: Manufacturing: Non-Durable Goods: Food Manufacturing in Missouri
SMU29000003231100001
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (MOWHOLENGSP), retrieved from FRED.