Chain-Type Quantity Index for Real GDP: Wholesale Trade (42) in Mississippi
MSWHOLEQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.49
Year-over-Year Change
5.31%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Wholesale Trade (42) in Mississippi measures the real output of the wholesale trade sector in the state. This provides an important economic indicator for analysts and policymakers tracking the health of Mississippi'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 Chain-Type Quantity Index tracks changes in the real, inflation-adjusted output of the wholesale trade industry in Mississippi. It serves as a barometer for the broader wholesale trade sector's economic activity and productivity in the state.
Methodology
This index is calculated by the U.S. Bureau of Economic Analysis using data on wholesale trade output.
Historical Context
The wholesale trade index is a key input for analyzing Mississippi's overall economic performance and informing policy decisions.
Key Facts
- The index is based on 2012 as the base year.
- Mississippi's wholesale trade sector accounts for over 10% of the state's GDP.
- The index has fluctuated between 95-105 over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Wholesale Trade (42) in Mississippi measures the real, inflation-adjusted output of the wholesale trade sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This index provides an important indicator of the health and productivity of Mississippi's wholesale trade industry, which is a significant component of the state's overall economy.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Bureau of Economic Analysis using data on wholesale trade output in Mississippi.
Q: How is this trend used in economic policy?
A: The wholesale trade index is used by economists, analysts, and policymakers to assess the performance of Mississippi's economy and inform decisions around economic development and trade policy.
Q: Are there update delays or limitations?
A: The index data is published on a quarterly basis with a lag of several months, so there may be delays in reflecting the most current economic conditions.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Wholesale Trade (42) in Mississippi (MSWHOLEQGSP), retrieved from FRED.