Real Gross Domestic Product: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Massachusetts
MASECCOMINVRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16,506.90
Year-over-Year Change
18.81%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the securities, commodity contracts, and other financial investments and related activities sector in Massachusetts. It provides insights into the performance and contribution of this key industry to the state's economy.
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: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Massachusetts series tracks the inflation-adjusted output of this important economic sector. It is a valuable indicator for understanding the financial services industry's role and dynamics within the broader Massachusetts economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This trend is widely used by economists, policymakers, and industry analysts to assess the financial sector's economic impact and inform policy decisions.
Key Facts
- Massachusetts is a leading financial center in the U.S.
- The financial services sector accounts for a significant portion of the state's GDP.
- This trend data is seasonally adjusted and reported quarterly.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product of the securities, commodity contracts, and other financial investments and related activities sector in the state of Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the performance and contribution of the financial services industry to the Massachusetts economy, which is crucial for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and industry analysts to assess the financial sector's economic impact and inform policy decisions related to the Massachusetts economy.
Q: Are there update delays or limitations?
A: The data is reported quarterly and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Massachusetts (MASECCOMINVRGSP), retrieved from FRED.