Gross Domestic Product: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in Louisiana
LAFRBCINGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,574.70
Year-over-Year Change
85.64%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) for the monetary authorities, credit intermediation, and related services industry in Louisiana. It provides insights into the economic activity and performance of this critical sector.
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 LAFRBCINGSP series represents the GDP contribution of the monetary authorities, credit intermediation, and related services industry in Louisiana. This data is used by economists and policymakers to analyze the financial and banking sector's role in the state's overall economic growth and development.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on standard GDP accounting methods.
Historical Context
This trend is relevant for understanding the health and performance of Louisiana's financial services industry and its impact on the broader state economy.
Key Facts
- Louisiana's financial services industry accounts for a significant portion of the state's GDP.
- The monetary authorities and credit intermediation sector has seen steady growth in recent years.
- This trend provides important insights into the health and performance of Louisiana's banking and financial services industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) contribution of the monetary authorities, credit intermediation, and related services industry in the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the performance and role of Louisiana's financial services sector in the state's overall economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on standard GDP accounting methods.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and market analysts to assess the health and performance of Louisiana's banking and financial services industry, which is a critical component of the state's economy.
Q: Are there update delays or limitations?
A: The data is released by the Federal Reserve on a regular schedule, but there may be some time lag between the reporting period and the public release of the information.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in Louisiana (LAFRBCINGSP), retrieved from FRED.