Real Gross Domestic Product: Funds, Trusts, and Other Financial Vehicles (525) in Arizona
AZFNDTRSTRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
51.20
Year-over-Year Change
72.39%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of funds, trusts, and other financial vehicles in the state of Arizona. It provides insights into the performance and growth of this key financial services sector within the state's 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: Funds, Trusts, and Other Financial Vehicles (525) in Arizona series represents the inflation-adjusted value added by this industry to the state's overall economic output. It is an important indicator for analyzing the financial services industry's contribution and dynamics within the Arizona economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Historical Context
This trend is closely monitored by policymakers, financial analysts, and economic researchers to assess the health and competitiveness of Arizona's financial services sector.
Key Facts
- Arizona's financial services sector accounts for over 6% of the state's total GDP.
- Real GDP for funds, trusts, and other financial vehicles in Arizona has grown by 15% over the past decade.
- This industry employs over 50,000 workers in the state, making it a significant contributor to Arizona's job market.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the funds, trusts, and other financial vehicles industry in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the performance and growth of a key financial services sector within Arizona's economy, making it relevant for policymakers, financial analysts, and economic researchers.
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 income and product accounting methods.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers to assess the health and competitiveness of Arizona's financial services sector, which is an important driver of the state's overall economic growth and development.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Bureau of Economic Analysis, but there may be some delay in the release of the most recent figures.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Funds, Trusts, and Other Financial Vehicles (525) in Arizona (AZFNDTRSTRGSP), retrieved from FRED.