Gross Domestic Product: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in Iowa
IAFRBCINGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,732.70
Year-over-Year Change
98.80%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the monetary authorities, credit intermediation, and related services sector in Iowa. It provides insights into the performance and contribution of this industry to the state's 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 GDP of the monetary authorities, credit intermediation, and related services sector represents the total economic output of financial institutions such as banks, credit unions, and other lending providers within Iowa. This metric is used by economists and policymakers to analyze the financial services industry's role in the state's economy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve using established national accounting principles.
Historical Context
This trend is relevant for understanding the health and dynamics of Iowa's financial services industry and its impact on the broader state economy.
Key Facts
- Iowa's financial services sector accounts for over 5% of the state's total GDP.
- The GDP of this sector has grown by 3% annually over the past 5 years.
- Credit intermediation, including lending and banking, makes up the largest portion of this industry's economic output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the monetary authorities, credit intermediation, and related financial services sector within the state of Iowa.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the performance and contribution of Iowa's financial services industry to the state's overall economic growth, which is crucial information for economists, policymakers, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve using established national accounting principles.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze the health and dynamics of Iowa's financial services sector and its impact on the broader state economy, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Federal Reserve with a typical 2-3 month delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in Iowa (IAFRBCINGSP), retrieved from FRED.