Gross Domestic Product: Finance, Insurance, Real Estate, Rental, and Leasing (52, 53) in Indiana
INFININSREALNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
81,554.70
Year-over-Year Change
74.82%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the gross domestic product (GDP) contribution of the finance, insurance, real estate, rental, and leasing sectors in the state of Indiana. It provides insight into the relative importance of these industries to the state's overall economic activity.
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 INFININSREALNGSP series tracks the GDP originating from the finance, insurance, real estate, rental, and leasing industries in Indiana. This data is used by economists and policymakers to analyze the composition and performance of the state's economy, as well as to compare Indiana's industry mix to other states or the national average.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their state-level GDP estimates.
Historical Context
This economic indicator is relevant for understanding Indiana's economic structure and competitiveness, as well as for informing policy decisions that may impact these key industries.
Key Facts
- Indiana's finance, insurance, real estate, rental, and leasing sectors account for over 20% of the state's GDP.
- This industry group has been a consistently strong contributor to Indiana's economic growth in recent years.
- The performance of these industries is closely watched by policymakers and business leaders in the state.
FAQs
Q: What does this economic trend measure?
A: The INFININSREALNGSP series measures the gross domestic product (GDP) originating from the finance, insurance, real estate, rental, and leasing industries in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insight into the composition and performance of Indiana's economy, which is useful for economic analysis, policy decisions, and business planning.
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 their state-level GDP estimation program.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to understand Indiana's economic structure, monitor the health of key industries, and inform decisions that may impact the finance, insurance, real estate, rental, and leasing sectors.
Q: Are there update delays or limitations?
A: The INFININSREALNGSP data is typically published on a quarterly basis, with some potential for minor delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Finance, Insurance, Real Estate, Rental, and Leasing (52, 53) in Indiana (INFININSREALNGSP), retrieved from FRED.