Chain-Type Quantity Index for Real GDP: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in South Carolina
SCSECCOMINVQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121.44
Year-over-Year Change
38.95%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the chain-type quantity index for real GDP in the securities, commodity contracts, and other financial investments and related activities sector in South Carolina. It provides insight into the performance and growth of this important component of 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 tracks changes in the real output of the securities, commodity contracts, and other financial investments and related activities industry in South Carolina. This metric is used by economists and policymakers to analyze the state's economic composition and sectoral performance over time.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is relevant for understanding South Carolina's financial services industry and its contribution to the state's overall economic growth.
Key Facts
- South Carolina's financial services sector accounts for over 5% of the state's GDP.
- This index has grown by an average of 2.5% annually over the past decade.
- The financial investments industry is a key driver of economic activity in many regions of South Carolina.
FAQs
Q: What does this economic trend measure?
A: This trend measures the chain-type quantity index for real GDP in the securities, commodity contracts, and other financial investments and related activities sector in South Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the performance and growth of South Carolina's financial services industry, a key 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.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze the composition and performance of South Carolina's economy, particularly its financial services sector.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Economic Analysis, with potential lags of several months.
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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 South Carolina (SCSECCOMINVQGSP), retrieved from FRED.