Chain-Type Quantity Index for Real GDP: Finance and Insurance (52) in Arkansas
Quarterly, Seasonally Adjusted
ARFININSQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
111.03
Year-over-Year Change
-2.69%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted series measures the value of gross domestic product (GDP) in the finance and insurance sector of the U.S. economy. This trend provides insights into the performance and contribution of the finance and insurance industry to 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 Quarterly, Seasonally Adjusted series tracks the GDP of the finance and insurance sector, which encompasses banking, insurance, and other financial services. This metric is used by economists and policymakers to assess the health and influence of the financial industry within the broader economic landscape.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its comprehensive GDP accounting.
Historical Context
Analysts and policymakers closely monitor the finance and insurance sector's GDP to gauge its role in driving economic activity and inform decisions related to financial regulation and economic policy.
Key Facts
- The finance and insurance sector accounts for approximately 7.4% of U.S. GDP.
- This metric experienced a significant decline during the 2008-2009 financial crisis.
- The finance and insurance industry is a major contributor to overall economic productivity and employment.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted series measures the value of gross domestic product (GDP) generated by the finance and insurance sector of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the performance and contribution of the finance and insurance industry, which is a crucial component of the broader economic landscape. It is closely monitored by economists and policymakers to assess the health and influence of the financial sector.
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 its comprehensive GDP accounting.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to gauge the finance and insurance sector's role in driving economic activity and to inform decisions related to financial regulation and economic policy.
Q: Are there update delays or limitations?
A: The Quarterly, Seasonally Adjusted series is published by the U.S. Federal Reserve on a regular basis, with a short delay to allow for data collection and processing.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (ARFININSQQGSP), retrieved from FRED.