Gross Domestic Product: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in Connecticut
CTFRBCINGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,998.20
Year-over-Year Change
73.44%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the monetary authorities, credit intermediation, and related services industry in the state of Connecticut. It provides insights into the performance and contribution of this key financial sector to 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 CTFRBCINGSP series tracks the GDP generated by the monetary authorities, credit intermediation, and related services industry in Connecticut. This data is used by economists and policymakers to analyze the economic health and growth of the financial services sector in the state, which is a major driver of economic activity.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on industry-level GDP estimates.
Historical Context
This trend is relevant for understanding the role of the financial services industry in Connecticut's economy and can inform policy decisions and market analysis.
Key Facts
- Connecticut's financial services industry accounts for a significant portion of the state's GDP.
- The GDP of the monetary authorities and credit intermediation sector has shown steady growth in recent years.
- This data is used to track the performance and contribution of the financial services industry to the Connecticut economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the monetary authorities, credit intermediation, and related services industry in the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and contribution of the financial services sector, a key driver of economic activity in Connecticut.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on industry-level GDP estimates.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze the health and growth of the financial services industry in Connecticut, which can inform policy decisions and market analysis.
Q: Are there update delays or limitations?
A: The data is subject to the timely release of industry-level GDP estimates by the Federal Reserve.
Related Trends
State Tax Collections: T19 Other Selective Sales and Gross Receipts Taxes for Connecticut
QTAXT19QTAXCAT3CTNO
Total Unemployed Plus Discouraged Workers, as a Percent of the Civilian Labor Force Plus Discouraged Workers for Connecticut
U4UNEM4CT
Average Weekly Earnings of All Employees: Other Services in Connecticut
SMU09000008000000011
All Employees: Durable Goods: Machinery Manufacturing in Connecticut
SMU09000003133300001A
Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Furnishings and Durable Household Equipment for Connecticut
CTPCEPCFUR
Monthly State Retail Sales: Building Material and Garden Equipment and Supplies Dealers in Connecticut
MSRSCT444
Citation
U.S. Federal Reserve, Gross Domestic Product: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in Connecticut (CTFRBCINGSP), retrieved from FRED.