Gross Domestic Product: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Arizona
AZSECCOMINVNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,341.00
Year-over-Year Change
152.57%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic indicator measures the Gross Domestic Product (GDP) for the securities, commodity contracts, and other financial investments and related activities (NAICS code 523) industry in the state of Arizona. It provides insight into the performance and contribution of the financial sector 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 Gross Domestic Product (GDP) for the securities, commodity contracts, and other financial investments and related activities (NAICS code 523) industry in Arizona represents the total value of goods and services produced by this sector within the state. It is a key metric for understanding the importance and growth of the financial industry to the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on surveys and statistical modeling.
Historical Context
This GDP trend is used by policymakers, economists, and investors to assess the health and development of Arizona's financial sector and its broader economic implications.
Key Facts
- Arizona's financial sector GDP was $18.2 billion in 2021.
- The financial activities industry accounts for 5.3% of Arizona's total GDP.
- This GDP trend has grown by 38% over the past 10 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Gross Domestic Product (GDP) for the securities, commodity contracts, and other financial investments and related activities (NAICS code 523) industry in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the performance and contribution of Arizona's financial sector to the state's overall economic activity, which is important for policymakers, economists, 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 (BEA) based on surveys and statistical modeling.
Q: How is this trend used in economic policy?
A: This GDP trend is used by policymakers, economists, and investors to assess the health and development of Arizona's financial sector and its broader economic implications.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the BEA, and may have some delays in availability compared to more real-time economic indicators.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Arizona (AZSECCOMINVNGSP), retrieved from FRED.