Gross Domestic Product: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in North Carolina
NCSECCOMINVNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,895.40
Year-over-Year Change
165.22%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the GDP contribution of the securities, commodity contracts, and other financial investments and related activities industry in North Carolina. It provides insights into the performance and significance of this key economic sector within 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
The Gross Domestic Product (GDP) for the securities, commodity contracts, and other financial investments and related activities industry in North Carolina is a crucial economic indicator. It represents the total value of goods and services produced by this industry, offering insights into the state's financial services and investment landscape.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the Gross Domestic Product by State program.
Historical Context
This trend is valuable for policymakers, economists, and market analysts to assess the health and growth of North Carolina's financial services sector.
Key Facts
- North Carolina's securities, commodity contracts, and other financial investments industry accounts for a significant portion of the state's GDP.
- This sector has experienced notable growth in recent years, reflecting the state's increasing prominence as a financial hub.
- The performance of this industry is closely watched by policymakers and analysts to gauge the overall health of North Carolina's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Gross Domestic Product (GDP) contribution of the securities, commodity contracts, and other financial investments and related activities industry in the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the performance and significance of North Carolina's financial services and investment sector, which is a crucial component 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 as part of the Gross Domestic Product by State program.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts use this trend to assess the health and growth of North Carolina's financial services sector, which informs economic policymaking and investment decisions.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Bureau of Economic Analysis, but there may be slight delays in the availability of the most recent data points.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in North Carolina (NCSECCOMINVNGSP), retrieved from FRED.