Chain-Type Quantity Index for Real GDP: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Ohio
OHSECCOMINVQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.92
Year-over-Year Change
12.14%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Ohio measures the inflation-adjusted output of the financial investment industry in 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
This index tracks the real volume of goods and services produced by the financial investment sector in Ohio, providing insight into the economic activity and productivity of this important industry.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting practices.
Historical Context
Policymakers and analysts use this metric to evaluate the health and competitiveness of Ohio's financial services industry.
Key Facts
- The index is rebased to 2012=100.
- Ohio is a major financial center in the Midwest.
- The index reached a record high in 2021.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the securities, commodity contracts, and other financial investments industry in the state of Ohio.
Q: Why is this trend relevant for users or analysts?
A: The financial investment sector is a critical part of Ohio's economy, and this metric provides insight into the productivity and competitiveness of this industry.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting methodologies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to evaluate the health and growth of Ohio's financial services industry, which informs economic development strategies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Ohio (OHSECCOMINVQGSP), retrieved from FRED.