Chain-Type Quantity Index for Real GDP: Finance and Insurance (52) in Oregon
ORFININSQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.00
Year-over-Year Change
-5.17%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Finance and Insurance (52) in Oregon measures the inflation-adjusted output of the finance and insurance sector in the state. This metric is critical for understanding the health and growth of Oregon'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
This index tracks the volume of goods and services produced by Oregon's finance and insurance industries, adjusted for price changes. Economists and policymakers use this data to analyze the state's economic performance and identify sector-specific trends.
Methodology
The index is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted approach to real GDP.
Historical Context
The finance and insurance sector is a key driver of economic activity, so this index provides valuable insights for state-level economic policy and investment decisions.
Key Facts
- Oregon's finance and insurance sector accounts for over 7% of the state's GDP.
- The index has shown steady growth, increasing by 25% over the past decade.
- The finance and insurance industry employs over 100,000 Oregonians.
FAQs
Q: What does this economic trend measure?
A: This index measures the inflation-adjusted output of Oregon's finance and insurance sector, providing a gauge of the industry's economic contribution and growth.
Q: Why is this trend relevant for users or analysts?
A: The finance and insurance sector is a crucial driver of economic activity, so this index offers valuable insights into Oregon's overall economic performance and sectoral trends.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted approach to real GDP.
Q: How is this trend used in economic policy?
A: State-level policymakers and economists use this index to assess the health and growth of Oregon's finance and insurance industry, which informs economic policy and investment decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately three months, so there may be a delay in accessing the most recent information.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Finance and Insurance (52) in Oregon (ORFININSQQGSP), retrieved from FRED.