Chain-Type Quantity Index for Real GDP: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Alabama
ALSECCOMINVQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
126.46
Year-over-Year Change
21.85%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Alabama measures the real output of the financial investments industry 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
This index tracks changes in the real, inflation-adjusted value of the financial investments sector's production in Alabama. It is a key indicator of economic activity and growth within the state's finance industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting methods.
Historical Context
Policymakers and analysts monitor this index to assess the health and trajectory of Alabama's financial services sector.
Key Facts
- The index is based on 2012 as the reference year.
- Alabama's financial investments sector accounts for over 5% of the state's total GDP.
- The index is updated quarterly by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of Alabama's securities, commodity contracts, and other financial investments industries.
Q: Why is this trend relevant for users or analysts?
A: The financial investments sector is a key driver of Alabama's economy, and this index provides valuable insights into its performance and growth.
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 methods.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this index to assess the health and trajectory of Alabama's financial services sector, which informs economic and regulatory decision-making.
Q: Are there update delays or limitations?
A: The index is updated quarterly by the U.S. Bureau of Economic Analysis, with a typical release delay of 2-3 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Alabama (ALSECCOMINVQGSP), retrieved from FRED.