Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Finland
Contribution to growth rate, over 1 year
FINCPALTT01CTGYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.53
Year-over-Year Change
-75.72%
Date Range
1/1/2010 - 3/1/2025
Summary
This economic trend measures the contribution to the year-over-year growth rate of the financial and insurance components of gross domestic product (GDP). It provides insights into the performance and influence of the financial sector within the broader 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 contribution to growth rate, over 1 year is a metric that quantifies the relative impact of the financial and insurance industries on the overall GDP growth rate. It helps analysts and policymakers understand the evolving role and dynamics of the financial sector within the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national income and product accounts.
Historical Context
This trend is closely monitored by economists, market analysts, and policymakers to assess the financial sector's contribution to economic growth and stability.
Key Facts
- The financial and insurance sector accounts for approximately 7-8% of U.S. GDP.
- The contribution to growth rate has fluctuated between -0.5 and 0.5 percentage points over the past decade.
- This metric provides insight into the cyclical nature of the financial industry's impact on the broader economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the contribution of the financial and insurance industries to the year-over-year growth rate of the U.S. gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the evolving role and impact of the financial sector within the broader economy, which is crucial for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national income and product accounts.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists and policymakers to assess the financial sector's contribution to economic growth and stability, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, with typical update delays of 1-2 months.
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Citation
U.S. Federal Reserve, Contribution to growth rate, over 1 year (FINCPALTT01CTGYM), retrieved from FRED.