Gross Domestic Product: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Wisconsin
WISECCOMINVNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,733.80
Year-over-Year Change
115.04%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the securities, commodity contracts, and other financial investments and related activities (NAICS 523) industry in the state of Wisconsin. It provides insight into the economic output and performance of the financial services sector 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
The GDP for the securities, commodity contracts, and other financial investments and related activities industry in Wisconsin represents the total value of goods and services produced by this sector. It is a key indicator of the overall health and growth of the state's financial services industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their comprehensive GDP estimates for states and metro areas.
Historical Context
This trend is used by economists, policymakers, and market analysts to understand the dynamics and contributions of the financial services industry in Wisconsin's economy.
Key Facts
- Wisconsin's financial services industry accounts for over 5% of the state's total GDP.
- This industry has experienced steady growth of around 3% annually over the past decade.
- The securities and investments sector is a major employer in Wisconsin, accounting for over 50,000 jobs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the securities, commodity contracts, and other financial investments and related activities (NAICS 523) industry in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and contribution of Wisconsin's financial services sector to the overall state economy, which is crucial information for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their comprehensive GDP estimates for states and metro areas.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to assess the health and growth of Wisconsin's financial services industry, which can inform decisions on economic development, taxation, and regulatory policies.
Q: Are there update delays or limitations?
A: The data is typically released with a lag of several quarters, so there may be a delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Wisconsin (WISECCOMINVNGSP), retrieved from FRED.