Chain-Type Quantity Index for Real GDP: Wholesale Trade (42) in South Dakota
SDWHOLEQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.04
Year-over-Year Change
1.68%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Wholesale Trade (42) in South Dakota measures the volume of economic activity in the wholesale trade sector of South Dakota's economy. This metric is important for economists and policymakers to assess the state's overall economic performance and growth.
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 for Real GDP: Wholesale Trade (42) in South Dakota tracks changes in the real, inflation-adjusted output of the wholesale trade industry within the state. It provides a gauge of the sector's contribution to South Dakota's total economic production.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chained-dollar approach.
Historical Context
This economic trend is used by analysts to evaluate the health and trajectory of South Dakota's wholesale trade industry and its impact on the state's overall economic landscape.
Key Facts
- South Dakota's wholesale trade sector accounts for over 10% of the state's GDP.
- The Chain-Type Quantity Index uses 2012 as the base year.
- The 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: Wholesale Trade (42) in South Dakota measures the volume of economic activity in the state's wholesale trade sector.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and contribution of South Dakota's wholesale trade industry to the state's overall economic growth and development.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chained-dollar approach.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this trend to evaluate the health and trajectory of South Dakota's wholesale trade sector and its impact on the state's overall economic landscape.
Q: Are there update delays or limitations?
A: The data is published on a regular basis with minimal update delays, providing timely insights into the state's wholesale trade activity.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Wholesale Trade (42) in South Dakota (SDWHOLEQQGSP), retrieved from FRED.