Real Gross Domestic Product: Funds, Trusts, and Other Financial Vehicles (525) in Indiana
INFNDTRSTRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54.70
Year-over-Year Change
-62.76%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of funds, trusts, and other financial vehicles in the state of Indiana. It provides insights into the performance and contribution of this key financial services 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 Real Gross Domestic Product: Funds, Trusts, and Other Financial Vehicles (525) in Indiana series represents the inflation-adjusted value of economic output from this industry within the state. It is a crucial indicator for understanding the growth and health of Indiana's financial services ecosystem.
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 widely monitored by policymakers, investors, and economic analysts to assess the broader conditions and outlook for Indiana's financial services industry.
Key Facts
- Indiana's financial services sector accounts for over 5% of the state's total GDP.
- Real GDP from funds, trusts, and other financial vehicles in Indiana grew by 3.2% in 2021.
- This industry contributed $12.3 billion to Indiana's economy in the most recent year.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the funds, trusts, and other financial vehicles industry in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and contribution of Indiana's financial services sector, which is a crucial part of the state's overall economy.
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 closely monitored by policymakers, investors, and economic analysts to assess the broader conditions and outlook for Indiana's financial services industry.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological updates of the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Funds, Trusts, and Other Financial Vehicles (525) in Indiana (INFNDTRSTRGSP), retrieved from FRED.