Real Gross Domestic Product: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Utah
UTSECCOMINVRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,241.40
Year-over-Year Change
24.75%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) for the securities, commodity contracts, and other financial investments and related activities industry in Utah. It provides insights into the performance and growth of this key financial sector within 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 Real Gross Domestic Product: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Utah series tracks the inflation-adjusted output of this industry, which includes businesses engaged in financial investment, trading, and related services. This metric is useful for analyzing the economic contribution and dynamics of the finance industry in Utah.
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 relevant for policymakers, investors, and analysts seeking to understand the economic conditions and competitive position of Utah's financial services sector.
Key Facts
- Utah's financial services sector accounts for over 6% of the state's GDP.
- The securities and investments industry has experienced steady growth in Utah in recent years.
- This trend data is seasonally adjusted and reported on a quarterly basis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) for the securities, commodity contracts, and other financial investments and related activities industry in the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the performance and economic contribution of Utah's finance and investment services sector, which is an important component of the state's overall economy.
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: Policymakers, investors, and analysts use this trend to understand the competitive position and growth dynamics of Utah's financial services industry, which can inform economic development strategies and investment decisions.
Q: Are there update delays or limitations?
A: This data is reported on a quarterly basis and may have a short lag time before being published.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Utah (UTSECCOMINVRGSP), retrieved from FRED.