Chain-Type Quantity Index for Real GDP: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in Louisiana
LAFRBCIQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
85.58
Year-over-Year Change
-14.77%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the chain-type quantity index for real GDP in the Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) industry in Louisiana. It provides insight into the productivity and output growth of this key financial services 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 chain-type quantity index tracks changes in the real, inflation-adjusted volume of goods and services produced by an industry or sector. This metric is used by economists and policymakers to analyze industry-level productivity, competitiveness, and structural shifts within the broader economy.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis as part of its GDP-by-industry accounts.
Historical Context
Trends in this index can inform decisions around financial services regulation, regional economic development, and monetary policy.
Key Facts
- The index is based on 2012 reference year prices.
- Financial services account for over 7% of Louisiana's GDP.
- The index reached a high of 119.1 in 2019 before declining during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the chain-type quantity index for real GDP in the Monetary Authorities-Central Bank, Credit Intermediation, and Related Services industry in Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the productivity and output growth of a key financial services sector, which can inform decisions around regulation, regional economic development, and monetary policy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis as part of its GDP-by-industry accounts.
Q: How is this trend used in economic policy?
A: Trends in this index can inform decisions around financial services regulation, regional economic development, and monetary policy.
Q: Are there update delays or limitations?
A: The data is subject to the same release schedule and potential revisions as the broader GDP-by-industry statistics.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in Louisiana (LAFRBCIQGSP), retrieved from FRED.