Real Gross Domestic Product: Retail Trade (44-45) in North Dakota
Annual, Not Seasonally Adjusted
NDRETAILRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,606.10
Year-over-Year Change
26.95%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted (NDRETAILRGSP) trend measures total retail sales in the United States without adjusting for seasonal variations. It provides insight into consumer spending patterns and economic activity.
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 NDRETAILRGSP series represents the total dollar value of all retail sales transactions in the U.S. economy on an annual, unadjusted basis. It is a key indicator of consumer demand and an important metric for policymakers and analysts to gauge the overall health of the economy.
Methodology
The data is collected through surveys of retail establishments and compiled by the U.S. Census Bureau.
Historical Context
Retail sales data is widely used to inform economic forecasts, monetary policy decisions, and market analysis.
Key Facts
- Retail sales account for over 40% of total U.S. consumer spending.
- The retail sector employs over 15 million people in the United States.
- Annual retail sales have exceeded $5 trillion in recent years.
FAQs
Q: What does this economic trend measure?
A: The NDRETAILRGSP series measures the total value of retail sales transactions in the United States on an annual, unadjusted basis.
Q: Why is this trend relevant for users or analysts?
A: Retail sales data is a crucial indicator of consumer demand and overall economic activity, making it highly relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Retail sales data is used to inform economic forecasts, monetary policy decisions, and market analysis by a variety of institutions and policymakers.
Q: Are there update delays or limitations?
A: The NDRETAILRGSP data is released on a monthly basis, with a slight delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (NDRETAILRGSP), retrieved from FRED.