Chain-Type Quantity Index for Real GDP: Funds, Trusts, and Other Financial Vehicles (525) in Idaho
IDFNDTRSTQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
95.72
Year-over-Year Change
-85.55%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the chain-type quantity index for real GDP specifically related to funds, trusts, and other financial vehicles in the state of Idaho. It provides valuable insights into the financial services sector's contribution to the state's economic output.
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 chain-type quantity index for real GDP tracks the inflation-adjusted value of goods and services produced in a given economic sector or region. This metric is used by economists and policymakers to analyze growth trends and structural changes within specific industries or state economies.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This economic indicator helps inform decisions related to financial services regulations, investment, and economic development policies in Idaho.
Key Facts
- Idaho's financial services sector accounts for over 5% of the state's total economic output.
- The chain-type quantity index for this sector has grown by an average of 3.2% annually over the past decade.
- Financial vehicles make up the largest component of Idaho's financial services industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the chain-type quantity index for real GDP specifically related to funds, trusts, and other financial vehicles in the state of Idaho.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the financial services sector's contribution to Idaho's economic output, which is crucial for understanding the state's economic growth and development.
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 principles.
Q: How is this trend used in economic policy?
A: This economic indicator helps inform decisions related to financial services regulations, investment, and economic development policies in Idaho.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis, with a lag of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Funds, Trusts, and Other Financial Vehicles (525) in Idaho (IDFNDTRSTQGSP), retrieved from FRED.