Chain-Type Quantity Index for Real GDP: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Florida
FLSECCOMINVQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
134.47
Year-over-Year Change
57.21%
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 Florida measures the real output of this industry sector in the state. It is a key indicator for analyzing the financial services industry's contribution to Florida'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
This index tracks the real, inflation-adjusted production volume of Florida's securities, commodity contracts, and other financial investments industry. It is a valuable tool for economists and policymakers to assess the dynamics and performance of this crucial economic sector within the state.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index formula.
Historical Context
This trend is widely used to inform economic policy decisions and investment strategies related to Florida's financial services industry.
Key Facts
- The index has a base year of 2012.
- Florida's financial services sector accounts for over 20% of the state's GDP.
- This index is published quarterly by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted output of Florida's securities, commodity contracts, and other financial investments industry. It tracks the production volume of this crucial economic sector.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator for evaluating the performance and contribution of Florida's financial services industry to the state's overall economic growth. It informs policy decisions and investment strategies related to this sector.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index formula.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and investors to analyze the dynamics and health of Florida's financial services industry, which is a major driver of the state's economy.
Q: Are there update delays or limitations?
A: The index is published quarterly by the U.S. Bureau of Economic Analysis, with a typical 2-3 month delay from the end of the reference period.
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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 Florida (FLSECCOMINVQGSP), retrieved from FRED.