Gross Domestic Product: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Louisiana
LASECCOMINVNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
892.80
Year-over-Year Change
91.71%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the value of securities, commodity contracts, and other financial investments and related activities in Louisiana's gross domestic product (GDP).
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 series represents the contribution of the finance and insurance industry to Louisiana's GDP, specifically focusing on activities related to securities, commodity contracts, and other financial investments.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional GDP estimates.
Historical Context
This trend is used by economists and policymakers to understand the importance of the finance and insurance sector in Louisiana's economy.
Key Facts
- Louisiana's finance and insurance sector accounts for over 6% of its GDP.
- This trend has grown steadily over the past decade.
- The finance and insurance industry is a key driver of Louisiana's economic activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the contribution of the securities, commodity contracts, and other financial investments and related activities industry to Louisiana's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the importance of the finance and insurance sector in Louisiana's economy, which is valuable for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional GDP estimates.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to understand the role of the finance and insurance industry in Louisiana's economy and inform decisions related to economic development and policy.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Bureau of Economic Analysis, but there may be a delay of several months between the end of the reference period and the release of the data.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Louisiana (LASECCOMINVNGSP), retrieved from FRED.