Real Gross Domestic Product: Wholesale Trade (42) in Wisconsin
WIWHOLERQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,071.00
Year-over-Year Change
4.36%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the real gross domestic product (GDP) of the wholesale trade industry in the state of Wisconsin. It provides insight into the performance and contribution of this key sector to the overall state economy.
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 Wisconsin series tracks the inflation-adjusted output of the wholesale trade industry, which includes businesses that sell goods to other businesses rather than directly to consumers. This metric is used by economists and policymakers to analyze Wisconsin's economic structure and growth.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-specific price deflators.
Historical Context
Trends in wholesale trade GDP are closely monitored as they can signal broader shifts in consumer demand, inventory management, and business investment.
Key Facts
- Wisconsin's wholesale trade industry contributed over $30 billion to the state's GDP in 2021.
- Wholesale trade GDP in Wisconsin has grown by 12% since 2015.
- The wholesale trade sector accounts for approximately 10% of Wisconsin's total economic output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product of the wholesale trade industry in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: Tracking wholesale trade GDP provides insights into the performance and contribution of this key industry to Wisconsin's overall economic growth and structure.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-specific price deflators.
Q: How is this trend used in economic policy?
A: Trends in wholesale trade GDP are closely monitored by economists and policymakers as they can signal broader shifts in consumer demand, inventory management, and business investment.
Q: Are there update delays or limitations?
A: This data is typically published with a lag of several months and may be subject to periodic revisions by the statistical agency.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Wholesale Trade (42) in Wisconsin (WIWHOLERQGSP), retrieved from FRED.