Chain-Type Quantity Index for Real GDP: Finance and Insurance (52) in Wisconsin
WIFININSQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
95.77
Year-over-Year Change
11.56%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Finance and Insurance (52) in Wisconsin measures the real output of the finance and insurance sector in the state. This indicator provides insights into the performance and economic contribution of this key industry.
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 the real (inflation-adjusted) output of the finance and insurance sector in Wisconsin over time. It serves as an important gauge of the health and growth of this critical component of the state's economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using state-level GDP figures.
Historical Context
Policymakers and analysts use this trend to assess the economic conditions and competitiveness of Wisconsin's finance and insurance industry.
Key Facts
- The finance and insurance sector accounts for over 6% of Wisconsin's GDP.
- This index has shown steady growth over the past decade.
- The sector employs more than 100,000 people in the state.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Finance and Insurance (52) in Wisconsin measures the real (inflation-adjusted) output of the finance and insurance sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides valuable insights into the performance and economic contribution of the finance and insurance industry, a critical component of Wisconsin's economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using state-level GDP figures.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the economic conditions and competitiveness of Wisconsin's finance and insurance industry, which informs policy decisions and economic development strategies.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule by the U.S. Bureau of Economic Analysis, with occasional revisions to past figures.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Finance and Insurance (52) in Wisconsin (WIFININSQGSP), retrieved from FRED.