Quarterly, Seasonally Adjusted
LFIN24TTG7Q647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41,926,000.00
Year-over-Year Change
-2.06%
Date Range
1/1/2005 - 4/1/2017
Summary
The 'Quarterly, Seasonally Adjusted' series measures the total gross domestic product (GDP) of the finance and insurance sector in the United States on a quarterly basis. This metric is a key indicator of the health and growth of the financial industry, which is a critical component of the broader 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 finance and insurance sector GDP represents the total value-added output of financial services, banking, insurance, and related industries. Economists and policymakers closely monitor this data to assess the performance and contribution of the financial sector to overall economic activity.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using national income and product accounts (NIPA) methodology.
Historical Context
This economic trend is widely used by financial analysts, investors, and policymakers to inform decisions and policies related to the financial industry.
Key Facts
- The finance and insurance sector accounts for approximately 7.4% of total U.S. GDP.
- This metric has shown steady growth over the past decade, reflecting the expansion of the financial industry.
- Quarterly, seasonally adjusted data provides a more accurate representation of trends compared to raw, unadjusted figures.
FAQs
Q: What does this economic trend measure?
A: The 'Quarterly, Seasonally Adjusted' series measures the total gross domestic product (GDP) of the finance and insurance sector in the United States on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of the health and growth of the financial industry, which is a critical component of the broader economy. Economists and policymakers closely monitor this data to assess the performance and contribution of the financial sector.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using national income and product accounts (NIPA) methodology.
Q: How is this trend used in economic policy?
A: This economic trend is widely used by financial analysts, investors, and policymakers to inform decisions and policies related to the financial industry.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical delay of several weeks after the end of the reference quarter.
Related Trends
Balance of Payments: Current Account: Expenditure for G7
G7B6DBTT01CXCUQ
Infra-Annual Labor Statistics: Working-Age Population Total: 15 Years or over for G7
G7LFWATTTTSTSAQ
Infra-Annual Labor Statistics: Labor Force Total: From 25 to 54 Years for G7
G7LFAC25TTSTQ
Infra-Annual Labor Statistics: Unemployment Male: From 55 to 64 Years for G7
G7LFUN55MASTQ
Infra-Annual Labor Statistics: Unemployment Total: From 15 to 64 Years for G7
G7LFUN64TTSTSAQ
Infra-Annual Labor Statistics: Labor Force Male: From 55 to 64 Years for G7
G7LFAC55MASTQ
Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LFIN24TTG7Q647S), retrieved from FRED.