Gross Domestic Product: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Indiana
INSECCOMINVNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,878.50
Year-over-Year Change
104.36%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the securities, commodity contracts, and other financial investments and related activities (NAICS 523) industry in the state of Indiana. It provides insight into the financial sector's contribution to the state's overall economic output.
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 GDP of the securities, commodity contracts, and other financial investments and related activities industry in Indiana represents the total value of goods and services produced by this sector within the state. It is a key indicator of the financial industry's economic significance and can inform policymakers and analysts about trends in this important component of the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of its regional GDP estimates.
Historical Context
This trend can be used by policymakers, economists, and market analysts to assess the health and performance of Indiana's financial sector and its impact on the broader state economy.
Key Facts
- Indiana's financial sector accounts for a significant portion of the state's GDP.
- The securities, commodity contracts, and other financial investments industry has experienced steady growth in Indiana over the past decade.
- This trend provides a valuable metric for evaluating the performance and competitiveness of Indiana's financial services industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the securities, commodity contracts, and other financial investments and related activities (NAICS 523) industry in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the economic significance and performance of Indiana's financial sector, which is an important component of the state's overall economy. It can inform policymakers, economists, and market analysts about trends in this industry.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of its regional GDP estimates.
Q: How is this trend used in economic policy?
A: This trend can be used by policymakers, economists, and market analysts to assess the health and performance of Indiana's financial sector and its impact on the broader state economy, which can inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedule and potential limitations as the BEA's regional GDP estimates, which are typically published on a quarterly basis.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Indiana (INSECCOMINVNGSP), retrieved from FRED.