Real Gross Domestic Product: Wholesale Trade (42) in Virginia
VAWHOLERQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22,585.30
Year-over-Year Change
-2.08%
Date Range
1/1/2005 - 1/1/2025
Summary
The Real Gross Domestic Product: Wholesale Trade (42) in Virginia measures the output of the wholesale trade industry in the state, adjusted for inflation. This metric is a key indicator of economic activity and a barometer for policymakers and analysts.
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 Real Gross Domestic Product: Wholesale Trade (42) in Virginia represents the real, inflation-adjusted value added by the wholesale trade sector to the state's overall economic output. It is a component of the broader state GDP and provides insight into the performance and trends within this important industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This economic trend is closely monitored by policymakers, businesses, and analysts to gauge the health of Virginia's economy and inform decision-making.
Key Facts
- Virginia's wholesale trade sector accounts for over 6% of state GDP.
- Real wholesale trade output in Virginia has grown by 25% since 2010.
- The wholesale industry employs more than 230,000 people in the state.
FAQs
Q: What does this economic trend measure?
A: The Real Gross Domestic Product: Wholesale Trade (42) in Virginia measures the real, inflation-adjusted output of the wholesale trade industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the performance and health of a key sector of Virginia's economy, which is closely watched by policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: This economic indicator is used by policymakers, businesses, and analysts to gauge the health of Virginia's economy and inform decision-making.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Wholesale Trade (42) in Virginia (VAWHOLERQGSP), retrieved from FRED.