Gross Domestic Product: Wholesale Trade (42) in South Dakota
SDWHOLENQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,299.60
Year-over-Year Change
16.13%
Date Range
1/1/2005 - 1/1/2025
Summary
The Gross Domestic Product: Wholesale Trade (42) in South Dakota trend measures the economic output of the wholesale trade sector in the state. This statistic is a key indicator of South Dakota's economic health and business 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 Gross Domestic Product: Wholesale Trade (42) in South Dakota represents the total value added to the state's economy by businesses in the wholesale trade industry, which includes the sale and distribution of goods to retailers, industrial, commercial, institutional, and other professional business users.
Methodology
This data is collected and calculated by the U.S. Bureau of Economic Analysis using economic surveys and government data sources.
Historical Context
Economists and policymakers use this trend to assess the performance and outlook of South Dakota's wholesale trade sector, which is an important contributor to the state's overall economic growth.
Key Facts
- South Dakota's wholesale trade GDP accounts for over 10% of the state's total economic output.
- The wholesale trade sector employs more than 20,000 people in South Dakota.
- Wholesale trade GDP in South Dakota has grown by 4% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product: Wholesale Trade (42) in South Dakota measures the total economic value added by the state's wholesale trade sector, which includes businesses that sell and distribute goods to other commercial and professional entities.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the health and performance of a key component of South Dakota's economy, which can inform economic forecasting, policy decisions, and business strategy.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis collects and calculates this data using economic surveys and government data sources.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess the strength of South Dakota's wholesale trade sector and its contribution to the state's overall economic growth, which can inform decisions around taxation, regulation, and economic development programs.
Q: Are there update delays or limitations?
A: The Gross Domestic Product: Wholesale Trade (42) in South Dakota data is published quarterly by the U.S. Bureau of Economic Analysis, with a delay of approximately two months from the end of the reference period.
Related Trends
Poverty Universe, Age 0-17 for South Dakota
PUA0T17SD46000A647NCEN
Leading Index for South Dakota
SDSLIND
Per Capita Personal Consumption Expenditures: Nondurable Goods: Clothing and Footwear for South Dakota
SDPCEPCCLTH
Chain-Type Quantity Index for Real GDP: Food Services and Drinking Places (722) in South Dakota
SDFOODDPQGSP
Chain-Type Quantity Index for Real GDP: Arts, Entertainment, Recreation, Accommodation, and Food Services (71, 72) in South Dakota
SDARTETRTACCFDQGSP
Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in South Dakota
SDAGRNQGSP
Citation
U.S. Bureau of Economic Analysis, Gross Domestic Product: Wholesale Trade (42) in South Dakota (SDWHOLENQGSP), retrieved from FRED.