Chain-Type Quantity Index for Real GDP: Finance and Insurance (52) in Connecticut
Quarterly, Seasonally Adjusted
CTFININSQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
81.90
Year-over-Year Change
6.64%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted series measures the gross output of the finance and insurance sector in the United States. This metric is a key indicator of the health and performance of the financial industry.
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 Quarterly, Seasonally Adjusted series represents the total gross output of the finance and insurance sector, providing a comprehensive view of economic activity in this vital industry. It is used by economists and policymakers to analyze trends, understand the broader economy, and inform decision-making.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This series is closely monitored by government agencies, financial institutions, and economic analysts to gauge the state of the U.S. financial sector and its impact on the overall economy.
Key Facts
- The finance and insurance sector accounts for over 7% of U.S. GDP.
- This metric has shown steady growth since the Great Recession.
- The finance and insurance industry employs over 6 million people in the U.S.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted series measures the total gross output of the finance and insurance sector in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of the health and performance of the U.S. financial industry, which is vital to the broader economy. It is closely monitored by economists, policymakers, and financial analysts.
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 series is used by government agencies, financial institutions, and economic analysts to gauge the state of the U.S. financial sector and its impact on the overall economy, informing policy decisions and market assessments.
Q: Are there update delays or limitations?
A: The data is released quarterly, with some lag from the end of the reporting period. There may be revisions to previously published figures as more complete information becomes available.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (CTFININSQQGSP), retrieved from FRED.