Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in North Carolina
NCRETAILQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
138.50
Year-over-Year Change
29.40%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in North Carolina measures the volume of retail trade output in the state. This key economic indicator provides insights into consumer spending and the health of the broader state 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
This index tracks changes in the real, inflation-adjusted value of retail trade in North Carolina over time. Economists and policymakers monitor this data to understand consumer demand, business activity, and broader economic trends within the state.
Methodology
The Bureau of Economic Analysis calculates this index using a chain-type formula that adjusts for price changes.
Historical Context
Trends in this index are closely watched by state and local governments, businesses, and economic analysts to inform policy decisions and market strategies.
Key Facts
- North Carolina is the 9th largest state economy in the U.S.
- Retail trade accounts for over 6% of North Carolina's GDP.
- This index has shown steady growth in recent years.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in North Carolina measures the inflation-adjusted, real output of the retail trade sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insights into consumer spending patterns and the overall health of North Carolina's economy, which is crucial information for businesses, policymakers, and economic analysts.
Q: How is this data collected or calculated?
A: The Bureau of Economic Analysis calculates this index using a chain-type formula that adjusts for price changes over time.
Q: How is this trend used in economic policy?
A: Trends in this index are closely monitored by state and local governments, as well as businesses and analysts, to inform policy decisions and market strategies.
Q: Are there update delays or limitations?
A: This index is updated quarterly by the Bureau of Economic Analysis, with a typical 2-3 month delay in the release of the latest data.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in North Carolina (NCRETAILQQGSP), retrieved from FRED.