Real Gross Domestic Product: Wholesale Trade (42) in Utah
Annual, Not Seasonally Adjusted
UTWHOLERGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,617.50
Year-over-Year Change
35.43%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic indicator measures the total revenue of the U.S. wholesale trade sector on an annual, not seasonally adjusted basis. It provides insights into the overall health and trends of the wholesale industry.
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 Wholesale Trade Revenue (UTWHOLERGSP) series tracks the total sales revenue generated by wholesalers in the United States. It serves as an important barometer for monitoring the performance and dynamics of the wholesale trade sector, a crucial component of the broader economy.
Methodology
The data is collected and compiled by the U.S. Census Bureau through surveys of wholesale trade businesses.
Historical Context
Economists and policymakers analyze this metric to assess the state of the wholesale industry and its influence on broader economic conditions.
Key Facts
- The wholesale trade sector accounts for approximately 6% of U.S. GDP.
- Wholesale trade revenue has shown steady growth over the past decade.
- The COVID-19 pandemic significantly impacted wholesale trade in 2020.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted (UTWHOLERGSP) series measures the total revenue generated by the U.S. wholesale trade sector on an annual basis, without adjusting for seasonal fluctuations.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the overall health and performance of the wholesale industry, which plays a crucial role in the broader economy. Analysts and policymakers use this data to assess economic conditions and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of wholesale trade businesses operating in the United States.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this indicator to gauge the state of the wholesale industry and its impact on the overall economy. It informs decision-making related to trade policies, economic stimulus measures, and other regulatory actions.
Q: Are there update delays or limitations?
A: The Annual, Not Seasonally Adjusted (UTWHOLERGSP) data is typically released with a lag of several months, as the Census Bureau compiles and verifies the information. There may also be limitations in capturing certain types of wholesale trade activity.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (UTWHOLERGSP), retrieved from FRED.