Gross Domestic Product: Wholesale Trade (42) in South Carolina
SCWHOLENQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22,020.40
Year-over-Year Change
12.09%
Date Range
1/1/2005 - 1/1/2025
Summary
The Gross Domestic Product: Wholesale Trade (42) in South Carolina measures the total value of goods traded wholesale in the state. It is a key indicator of economic activity and business investment.
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 series tracks the gross domestic product contribution of the wholesale trade sector in South Carolina. Wholesale trade involves the sale of goods to retailers, commercial businesses, or other wholesalers, rather than direct to consumers. It provides insights into supply chain dynamics and overall business conditions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its GDP by industry accounts.
Historical Context
Policymakers and analysts use this metric to gauge the health of South Carolina's economy and inform decisions around infrastructure, regulations, and economic development.
Key Facts
- South Carolina's wholesale trade GDP was $37.5 billion in 2021.
- Wholesale trade accounts for over 10% of South Carolina's total GDP.
- The sector employs more than 125,000 people in the state.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product: Wholesale Trade (42) in South Carolina measures the total value of goods traded wholesale within the state's economy.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health and growth of South Carolina's business and supply chain activities, which is crucial for understanding the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its GDP by industry accounts.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the strength of South Carolina's economy and inform decisions around infrastructure, regulations, and economic development initiatives.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Wholesale Trade (42) in South Carolina (SCWHOLENQGSP), retrieved from FRED.