Real Gross Domestic Product: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in Louisiana
LAFRBCIRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,899.30
Year-over-Year Change
-14.77%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) of the monetary authorities, credit intermediation, and related services sector in Louisiana. It provides insights into the economic activity and performance of this important 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
The Real Gross Domestic Product: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in Louisiana is a key indicator that tracks the inflation-adjusted economic output of this sector. It is used by economists and policymakers to analyze the financial health and contribution of the banking and financial services industry to Louisiana's overall economic growth.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on industry-level GDP estimates.
Historical Context
This trend is relevant for understanding the broader economic conditions and policy decisions affecting Louisiana's financial services sector.
Key Facts
- Louisiana's financial services sector accounts for a significant portion of the state's GDP.
- This trend has shown steady growth over the past decade, indicating the industry's resilience.
- Monitoring this metric is crucial for understanding 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 real gross domestic product (GDP) of the monetary authorities, credit intermediation, and related services sector in Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the financial health and economic contribution of Louisiana's banking and financial services industry, which is an important part of the state's overall economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on industry-level GDP estimates.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze the performance and conditions of Louisiana's financial services sector, which can inform economic policies and decisions affecting the industry.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve, but there may be occasional delays or limitations in data availability due to the complexity of industry-level GDP calculations.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in Louisiana (LAFRBCIRGSP), retrieved from FRED.