Gross Domestic Product: Funds, Trusts, and Other Financial Vehicles (525) in Massachusetts
MAFNDTRSTNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
984.70
Year-over-Year Change
1467.99%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of funds, trusts, and other financial vehicles in the state of Massachusetts. It provides insight into the financial services industry's contribution to the state's overall economic activity.
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 of funds, trusts, and other financial vehicles is a key indicator of the size and importance of the financial sector within a state's economy. This data point helps economists and policymakers understand the role of financial services in driving economic growth and development in Massachusetts.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using standard GDP accounting methods.
Historical Context
This trend is widely used by financial analysts, economic researchers, and policymakers to assess the competitiveness and health of Massachusetts' financial services industry.
Key Facts
- Massachusetts has a large and diverse financial services industry.
- The financial sector accounts for a significant portion of the state's GDP.
- This trend provides insight into the performance and importance of financial institutions in Massachusetts.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) generated by funds, trusts, and other financial vehicles in the state of Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the role and performance of the financial services industry in Massachusetts' 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 standard GDP accounting methods.
Q: How is this trend used in economic policy?
A: This trend is used by financial analysts, economic researchers, and policymakers to assess the competitiveness and health of Massachusetts' financial services industry.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedule and potential limitations as other GDP measures published by the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Funds, Trusts, and Other Financial Vehicles (525) in Massachusetts (MAFNDTRSTNGSP), retrieved from FRED.