Real Gross Domestic Product: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Arizona
AZSECCOMINVRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,878.60
Year-over-Year Change
44.73%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the securities, commodity contracts, and other financial investments and related activities (NAICS 523) industry in Arizona. It provides insights into the performance and growth of this key financial 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: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Arizona trend tracks the inflation-adjusted output of this industry, which includes establishments primarily engaged in financial investment activities, such as securities, commodity contracts, and other financial investments and related activities.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This trend is used by economists, policymakers, and financial analysts to assess the health and contribution of Arizona's securities and financial investments industry to the overall state economy.
Key Facts
- Arizona's securities and financial investments industry accounts for over 5% of the state's total GDP.
- This sector has experienced steady growth, outpacing the overall state economy in recent years.
- The performance of this industry is closely watched by policymakers and investors as a barometer of Arizona's financial health.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the securities, commodity contracts, and other financial investments and related activities 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 sector within Arizona's economy, which is important for economists, policymakers, and investors analyzing the state's economic conditions.
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 accounting principles.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and financial analysts to assess the health and contribution of Arizona's securities and financial investments industry to the overall state economy, informing policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and limitations of the U.S. Bureau of Economic Analysis's regional economic accounts.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Arizona (AZSECCOMINVRGSP), retrieved from FRED.