Gross Domestic Product: Wholesale Trade (42) in Wisconsin
Annual, Not Seasonally Adjusted
WIWHOLENGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29,074.60
Year-over-Year Change
76.28%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' data series measures the whole nominal gross state product (GSP) on an annual basis without seasonal adjustments. This metric provides a comprehensive view of state-level economic activity and performance.
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 whole nominal GSP represents the total economic output of a U.S. state, encompassing all sectors and industries. The non-seasonally adjusted data allows for analysis of long-term trends and year-over-year changes, which is valuable for economists, policymakers, and businesses.
Methodology
The Bureau of Economic Analysis (BEA) calculates this data series based on surveys and other government statistics.
Historical Context
Whole nominal GSP is a key indicator used to assess state economic conditions and guide policy decisions.
Key Facts
- This data covers all 50 U.S. states and the District of Columbia.
- Nominal GSP does not adjust for inflation, providing a current-dollar view of state economies.
- Annual data is released with a lag of several months after the end of each year.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' data series measures the total nominal gross state product (GSP) for each U.S. state on an annual basis without seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: Whole nominal GSP is a comprehensive indicator of state-level economic activity and performance, which is valuable for economists, policymakers, and businesses assessing long-term trends and year-over-year changes.
Q: How is this data collected or calculated?
A: The Bureau of Economic Analysis (BEA) calculates this data series based on surveys and other government statistics.
Q: How is this trend used in economic policy?
A: Whole nominal GSP is a key indicator used to assess state economic conditions and guide policy decisions at the state and federal levels.
Q: Are there update delays or limitations?
A: Annual data is released with a lag of several months after the end of each year.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (WIWHOLENGSP), retrieved from FRED.