Real Gross Domestic Product: Funds, Trusts, and Other Financial Vehicles (525) in Maryland
MDFNDTRSTRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.90
Year-over-Year Change
-50.39%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of funds, trusts, and other financial vehicles in the state of Maryland. It provides insight into the performance and growth of the financial services 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: Funds, Trusts, and Other Financial Vehicles (525) in Maryland trend represents the inflation-adjusted output of the financial services sector, a key component of the state's economy. It is used by economists and policymakers to assess the health and competitiveness of Maryland's financial industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using standard GDP accounting methods.
Historical Context
This trend is valuable for understanding the role of financial services in Maryland's economic development and growth strategies.
Key Facts
- Maryland's financial services sector accounts for over 10% of the state's GDP.
- The financial industry in Maryland has experienced steady growth over the past decade.
- Funds, trusts, and other financial vehicles make up a significant portion of the state's financial services output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the funds, trusts, and other financial vehicles industry in the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the performance and growth of the financial services sector, a key component of Maryland's economy. It is useful for economists and policymakers to assess the health and competitiveness of the state's financial industry.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using standard GDP accounting methods.
Q: How is this trend used in economic policy?
A: This trend is valuable for understanding the role of financial services in Maryland's economic development and growth strategies, as the financial industry is a significant contributor to the state's GDP.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the U.S. Bureau of Economic Analysis, and there may be minor delays in the release of the most recent figures.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Funds, Trusts, and Other Financial Vehicles (525) in Maryland (MDFNDTRSTRGSP), retrieved from FRED.