Real Gross Domestic Product: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Wisconsin
WISECCOMINVRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,355.40
Year-over-Year Change
23.22%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) for the securities, commodity contracts, and other financial investments and related activities (NAICS 523) industry in the state of Wisconsin. It provides insights into the performance and contribution of this key financial sector to the state's overall economic growth.
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 Wisconsin series tracks the inflation-adjusted output of this critical industry within the state's economy. It is used by economists and policymakers to analyze the health and dynamics of Wisconsin's financial services sector and its broader economic implications.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Historical Context
This trend is relevant for understanding the role of financial services in Wisconsin's economy and informing policy decisions that may impact the industry.
Key Facts
- Wisconsin's financial services industry accounts for approximately 5% of the state's total GDP.
- The real GDP for the securities and investments sector in Wisconsin has grown by 20% over the past decade.
- This industry employs over 50,000 people in Wisconsin, making it a significant contributor to the state's workforce.
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 (NAICS 523) industry in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the performance and contribution of Wisconsin's financial services sector to the state's overall economic growth, which is valuable information for economists, policymakers, and industry stakeholders.
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 income and product accounting methods.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding the role of financial services in Wisconsin's economy and informing policy decisions that may impact the industry, such as regulations, tax policies, or workforce development initiatives.
Q: Are there update delays or limitations?
A: The data is published by the U.S. Federal Reserve with a typical lag of 2-3 months, and may be subject to revisions as more information becomes available.
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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 Wisconsin (WISECCOMINVRGSP), retrieved from FRED.