Chain-Type Quantity Index for Real GDP: Finance, Insurance, Real Estate, Rental, and Leasing (52, 53) in Massachusetts
MAFININSREALQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.03
Year-over-Year Change
10.69%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the chain-type quantity index for real GDP in the finance, insurance, real estate, rental, and leasing sectors in Massachusetts. It provides insight into the performance and growth of these key industries within 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 chain-type quantity index is a measure of real economic output that adjusts for price changes over time. This trend allows economists and policymakers to analyze the real, inflation-adjusted growth in the finance, insurance, and related sectors of Massachusetts.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis as part of their regional GDP estimates.
Historical Context
This trend is used to assess the health and competitiveness of Massachusetts' service-oriented economy.
Key Facts
- Massachusetts has a large finance and real estate sector.
- This index tracks real, inflation-adjusted growth in these industries.
- The data is released quarterly by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the chain-type quantity index for real GDP in the finance, insurance, real estate, rental, and leasing sectors in Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the performance and growth of key service industries within Massachusetts' economy, which is important for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected 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: This trend is used to assess the health and competitiveness of Massachusetts' service-oriented economy, which is relevant for policymakers and market analysts.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Economic Analysis, so there may be a short delay in availability.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Finance, Insurance, Real Estate, Rental, and Leasing (52, 53) in Massachusetts (MAFININSREALQGSP), retrieved from FRED.