Chain-Type Quantity Index for Real GDP: Finance, Insurance, Real Estate, Rental, and Leasing (52, 53) in Iowa
IAFININSREALQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.72
Year-over-Year Change
25.63%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Finance, Insurance, Real Estate, Rental, and Leasing (52, 53) in Iowa measures the inflation-adjusted economic output of these key industries in the state. This metric is crucial for understanding the health and trajectory of Iowa's service-driven economy.
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 volume of goods and services produced by the finance, insurance, real estate, rental, and leasing sectors in Iowa. It is used by economists and policymakers to assess the performance and competitiveness of these industries, which are vital to the state's economic landscape.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type index formula to account for price changes over time.
Historical Context
This index provides important context for analyzing the broader economic conditions and policy decisions affecting Iowa's services-oriented businesses and consumers.
Key Facts
- The index is benchmarked to 2012 = 100.
- This sector accounts for over 20% of Iowa's total GDP.
- The index has shown steady growth since the Great Recession.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the finance, insurance, real estate, rental, and leasing industries in the state of Iowa.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insights into the performance and competitiveness of Iowa's vital services-oriented sectors, which are key drivers of the state's economic growth and prosperity.
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 index formula to account for price changes over time.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to assess the health and trajectory of Iowa's service-driven economy, informing decisions on economic development, taxation, and regulatory policies.
Q: Are there update delays or limitations?
A: There may be lag times in the data availability, as the index is updated periodically by the Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Finance, Insurance, Real Estate, Rental, and Leasing (52, 53) in Iowa (IAFININSREALQGSP), retrieved from FRED.