Chain-Type Quantity Index for Real GDP: Funds, Trusts, and Other Financial Vehicles (525) in Minnesota
MNFNDTRSTQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
56.87
Year-over-Year Change
-58.17%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the chain-type quantity index for real GDP in the funds, trusts, and other financial vehicles industry in Minnesota. It provides insight into the economic performance and growth of this important 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 for real GDP is a measure that tracks the real output of an industry or region over time, adjusting for inflation. This metric is used by economists and policymakers to analyze economic trends and assess the health of different sectors.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on GDP figures and industry-level data.
Historical Context
This trend is relevant for understanding the financial services industry's contribution to Minnesota's overall economic performance.
Key Facts
- Minnesota's funds, trusts, and other financial vehicles industry accounts for a significant portion of the state's GDP.
- The chain-type quantity index tracks changes in the real output of this industry over time.
- Analyzing this trend can provide insights into the financial sector's contribution to Minnesota's overall economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the chain-type quantity index for real GDP in the funds, trusts, and other financial vehicles industry in Minnesota. It tracks the real output of this sector over time.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the performance and growth of Minnesota's financial services industry, which is an important component of the state's overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on GDP figures and industry-level data.
Q: How is this trend used in economic policy?
A: This trend can be used by economists, policymakers, and analysts to assess the health and contribution of Minnesota's financial services sector to the state's economy, informing policy decisions and market analysis.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedules and potential limitations as other economic indicators published by the Federal Reserve.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Funds, Trusts, and Other Financial Vehicles (525) in Minnesota (MNFNDTRSTQGSP), retrieved from FRED.