Chain-Type Quantity Index for Real GDP: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Missouri
MOSECCOMINVQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.10
Year-over-Year Change
86.16%
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 Missouri measures the inflation-adjusted value of economic output in this sector over time.
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 changes in the real output of the securities, commodity contracts, and other financial investments sector in Missouri. It is a useful indicator of the overall health and growth of this important component of the state's economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted approach to account for price changes.
Historical Context
Policymakers and analysts use this metric to understand the performance of Missouri's financial services industry and its contribution to the state's economic growth.
Key Facts
- The index uses 2012 as the base year.
- Missouri's financial services sector accounts for over 5% of the state's GDP.
- The index hit a record high in 2021.
FAQs
Q: What does this economic trend measure?
A: This index measures the inflation-adjusted, chain-weighted quantity of economic output in Missouri's securities, commodity contracts, and other financial investments sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the performance and growth of Missouri's financial services industry, which is an important 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 a chain-weighted approach to account for price changes over time.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to understand the contribution of Missouri's financial services sector to the state's overall economic growth and development.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, with a typical release lag of 1-2 months.
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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 Missouri (MOSECCOMINVQGSP), retrieved from FRED.