Chain-Type Quantity Index for Real GDP: Funds, Trusts, and Other Financial Vehicles (525) in Louisiana
LAFNDTRSTQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.11
Year-over-Year Change
-73.67%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Funds, Trusts, and Other Financial Vehicles (525) in Louisiana measures the real output of the financial services industry in the state.
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 inflation-adjusted production of the financial services sector, which is an important component of Louisiana's economy. It is used by economists and policymakers to analyze economic trends and the health of the state's financial industry.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Historical Context
This index provides insight into the strength of Louisiana's financial markets and can inform decisions around economic policy and regulations.
Key Facts
- The index is measured on a scale where 2012 = 100.
- Louisiana's financial services sector accounts for over 5% of the state's GDP.
- The index has grown by an average of 2.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the financial services industry in Louisiana, including funds, trusts, and other financial vehicles.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into the performance and contribution of Louisiana's financial sector to the state's overall economic activity, which is important for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Q: How is this trend used in economic policy?
A: This index can inform decisions around financial regulations, economic development initiatives, and other policies that impact Louisiana's financial services industry.
Q: Are there update delays or limitations?
A: The index is updated quarterly, with a typical delay of 2-3 months. There may be revisions to past data as new 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 Louisiana (LAFNDTRSTQGSP), retrieved from FRED.