Chain-Type Quantity Index for Real GDP: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Louisiana
LASECCOMINVQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.54
Year-over-Year Change
9.84%
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 Louisiana tracks the inflation-adjusted output of the financial investments sector in the state.
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 measures the real, or inflation-adjusted, output of the securities, commodity contracts, and other financial investments industry in Louisiana. It provides insights into the growth and productivity of this key economic sector.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using the chain-type quantity index method.
Historical Context
Policymakers and economists use this metric to analyze the health and performance of Louisiana's financial services industry.
Key Facts
- The index uses 2012 as the base year.
- Louisiana's financial investments sector accounts for a significant portion of the state's GDP.
- The index has shown steady growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted output of the securities, commodity contracts, and other financial investments industry in Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the growth and productivity of Louisiana's key financial services sector, which is important for understanding the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using the chain-type quantity index method.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to analyze the health and performance of Louisiana's financial services industry, which can inform economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Federal Reserve, but there may be some delays in the release of the latest figures.
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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 Louisiana (LASECCOMINVQGSP), retrieved from FRED.