Chain-Type Quantity Index for Real GDP: Trade (42, 44-45) in the Southeast BEA Region
SESTTRADEQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.32
Year-over-Year Change
40.65%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Trade (42, 44-45) in the Southeast BEA Region measures the volume of trade-related economic activity in the Southeast United States. This metric is important for understanding regional economic trends and informing policy decisions.
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 the real, inflation-adjusted volume of trade-related industries, including wholesale trade, retail trade, and transportation and warehousing, in the Southeast Bureau of Economic Analysis (BEA) region. It provides insights into the overall economic health and growth dynamics of the region's trade sector.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index formula.
Historical Context
Policymakers and economists use this regional trade index to assess the strength of the Southeast economy and inform decisions related to infrastructure, workforce, and economic development.
Key Facts
- The Southeast BEA region includes Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia.
- The trade sector accounts for a significant portion of economic activity in the Southeast region.
- This index can signal changes in consumer demand, supply chain dynamics, and infrastructure needs in the region.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Trade (42, 44-45) in the Southeast BEA Region measures the inflation-adjusted volume of trade-related economic activity in the Southeast United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the overall health and growth dynamics of the Southeast region's trade sector, which is crucial for understanding the broader economic conditions and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index formula.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this regional trade index to assess the strength of the Southeast economy and inform decisions related to infrastructure, workforce, and economic development.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule by the U.S. Bureau of Economic Analysis, with potential delays or limitations due to the comprehensive nature of the regional economic data collection process.
Related Trends
Real Gross Domestic Product: Nondurable Goods Manufacturing (311-316, 322-326) in the Southeast BEA Region
SESTNDURMANRGSP
Real Gross Domestic Product: Arts, Entertainment, and Recreation (71) in the Southeast BEA Region
SESTARTENTRECRQGSP
Real Gross Domestic Product: Publishing Industries (Except Internet) (511) in the Southeast BEA Region
SESTPUBINDRGSP
Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Other Durable Goods for Southeast BEA Region
SESTPCEPCODURG
Gross Domestic Product: Government and Government Enterprises (92) in the Southeast BEA Region
SESTGOVNQGSP
Chain-Type Quantity Index for Real GDP: Durable Goods Manufacturing (321, 327-339) in the Southeast BEA Region
SESTDURMANQQGSP
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Trade (42, 44-45) in the Southeast BEA Region (SESTTRADEQGSP), retrieved from FRED.