Real Gross Domestic Product: Funds, Trusts, and Other Financial Vehicles (525) in Massachusetts
MAFNDTRSTRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
181.00
Year-over-Year Change
-37.39%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) generated by funds, trusts, and other financial vehicles in the state of Massachusetts. It provides insight into the performance and contribution of this key financial services sector to the state's overall economic output.
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: Funds, Trusts, and Other Financial Vehicles (525) in Massachusetts series tracks the inflation-adjusted economic activity of this industry within the state. It is an important indicator for understanding the health and role of Massachusetts' financial services ecosystem.
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 closely monitored by policymakers, economists, and financial analysts to gauge the economic conditions and competitiveness of Massachusetts' finance industry.
Key Facts
- Massachusetts is a major U.S. finance hub.
- The finance industry accounts for over 10% of the state's GDP.
- This data series dates back to 2001.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) generated by funds, trusts, and other financial vehicles operating in the state of Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the performance and contribution of Massachusetts' crucial finance industry to the state's overall economic output, making it a relevant metric for policymakers, economists, and financial analysts.
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 closely monitored by policymakers, economists, and financial analysts to gauge the economic conditions and competitiveness of Massachusetts' finance industry, which is a key driver of the state's economy.
Q: Are there update delays or limitations?
A: The data is published with a lag, but provides a reliable, long-running indicator of this important sector's economic performance in Massachusetts.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Funds, Trusts, and Other Financial Vehicles (525) in Massachusetts (MAFNDTRSTRGSP), retrieved from FRED.