Chain-Type Quantity Index for Real GDP: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Massachusetts
MASECCOMINVQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
96.94
Year-over-Year Change
18.81%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Massachusetts measures the volume of economic activity in this sector within 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 real, inflation-adjusted output of financial investment firms and related activities in Massachusetts. It provides insights into the scale and growth of this crucial component of the state's economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using fixed-weight price indexes.
Historical Context
Trends in this index are closely monitored by policymakers, economists, and market analysts to assess the health of Massachusetts' financial services industry.
Key Facts
- The index is calculated with a base year of 2012.
- The financial services industry makes up over 20% of Massachusetts' GDP.
- This index has shown steady growth since the Great Recession.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the securities, commodity contracts, and other financial investments and related activities sector in Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: Trends in this index provide insights into the scale and growth of Massachusetts' crucial financial services industry, which is a major component of the state's economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using fixed-weight price indexes.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts closely monitor this index to assess the health and performance of Massachusetts' financial services industry.
Q: Are there update delays or limitations?
A: There may be some delays in data availability, as the index is calculated and published by the federal government.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Massachusetts (MASECCOMINVQGSP), retrieved from FRED.