Chain-Type Quantity Index for Real GDP: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Illinois
ILSECCOMINVQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.83
Year-over-Year Change
-5.27%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Illinois measures the real output of the financial investment sector in Illinois over time.
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
This index tracks the quantity, or real volume, of economic activity in the financial investment industry in Illinois. It is used by economists and policymakers to analyze trends in the state's financial services sector and its contribution to overall economic growth.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type index methodology.
Historical Context
This metric provides insight into the health and performance of Illinois' financial markets and investment activity.
Key Facts
- The index uses 2012 as the base year.
- Illinois' financial investment sector contributed 9.2% to the state's real GDP in 2021.
- The index reached a high of 110.7 in 2018 before declining in recent years.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the securities, commodity contracts, and other financial investments industry in the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the performance and contribution of Illinois' financial services sector to the state's overall economic growth.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type index methodology.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to monitor the health and competitiveness of Illinois' financial markets and investment activities.
Q: Are there update delays or limitations?
A: The index is updated quarterly by the Federal Reserve, with a typical lag of 2-3 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Illinois (ILSECCOMINVQGSP), retrieved from FRED.