Gross Domestic Product: Funds, Trusts, and Other Financial Vehicles (525) in Arizona
AZFNDTRSTNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
278.80
Year-over-Year Change
4256.25%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) generated by funds, trusts, and other financial vehicles in the state of Arizona. It provides insight into the financial services industry's contribution to the state's overall economic activity.
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 GDP of funds, trusts, and other financial vehicles in Arizona represents the total value of goods and services produced by these financial entities within the state. This data is used by economists and policymakers to analyze the financial sector's role in the state's economy and its impact on employment, investment, and overall economic growth.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using various sources, including business surveys and administrative records.
Historical Context
This trend is relevant for understanding the health and competitiveness of Arizona's financial services industry, which can inform policy decisions and investment strategies.
Key Facts
- Arizona's GDP from funds, trusts, and other financial vehicles was $16.1 billion in 2021.
- This sector accounted for 3.5% of Arizona's total GDP in 2021.
- The financial services industry is a key driver of economic activity in Arizona.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) generated by funds, trusts, and other financial vehicles in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the financial services industry's contribution to Arizona's overall economic activity, which is useful for economists, policymakers, and investors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using various sources, including business surveys and administrative records.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding the health and competitiveness of Arizona's financial services industry, which can inform policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Bureau of Economic Analysis, but there may be some update delays due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Funds, Trusts, and Other Financial Vehicles (525) in Arizona (AZFNDTRSTNGSP), retrieved from FRED.