Chain-Type Quantity Index for Real GDP: Finance and Insurance (52) in Arizona
AZFININSQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.30
Year-over-Year Change
-9.33%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Finance and Insurance (52) in Arizona measures the real output of the finance and insurance sector in the state. This metric is crucial for economists and policymakers to assess economic performance and industry-level trends.
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) output of the finance and insurance industry in Arizona. It is used to analyze productivity, growth, and structural changes within this key economic sector at the state level.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index method.
Historical Context
Policymakers and analysts monitor this metric to gauge the health and competitiveness of Arizona's finance and insurance industries.
Key Facts
- The index is referenced to 2012 as the base year.
- Arizona's finance and insurance sector accounts for over 7% of the state's GDP.
- This index has shown steady growth in the sector over the past decade.
FAQs
Q: What does this economic trend measure?
A: This index measures the real (inflation-adjusted) output of the finance and insurance industry in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for assessing the performance and competitiveness of a key economic sector in Arizona.
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 method.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this index to gauge the health and growth of Arizona's finance and insurance industries.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Finance and Insurance (52) in Arizona (AZFININSQQGSP), retrieved from FRED.