Real Gross Domestic Product: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Louisiana
LASECCOMINVRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
769.20
Year-over-Year Change
9.84%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the securities, commodity contracts, and other financial investments and related activities industry in Louisiana. It provides insights into the performance and growth of this key sector of 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: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Louisiana series tracks the inflation-adjusted output of this industry, which includes businesses engaged in financial investment, trading, and related services. This metric is used by economists and policymakers to analyze the state's economic structure and competitiveness in the financial services sector.
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 relevant for understanding Louisiana's economic development and the competitiveness of its financial services industry.
Key Facts
- Louisiana's financial services industry accounts for over 6% of the state's GDP.
- Real GDP in this sector grew by 3.2% in 2021.
- The securities and investments industry is a major employer in Louisiana.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the securities, commodity contracts, and other financial investments and related activities industry in Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the performance and growth of Louisiana's financial services sector, which is an important part of the state's 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 relevant for understanding Louisiana's economic development and the competitiveness of its financial services industry, which can inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Federal Reserve, with a typical delay of 2-3 months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Louisiana (LASECCOMINVRGSP), retrieved from FRED.