Gross Domestic Product: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Ohio
OHSECCOMINVNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,528.20
Year-over-Year Change
95.70%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) generated by the securities, commodity contracts, and other financial investments and related activities industry in the state of Ohio. It provides insight into the performance and contribution of this key financial sector to the state's overall economic activity.
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 Gross Domestic Product: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Ohio metric tracks the economic output of businesses engaged in securities, commodity contracts, and other financial investments and related activities within the state. This data point is important for analyzing the strength and growth of Ohio's financial services industry and its role in the state's broader economic landscape.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its comprehensive measurement of GDP at the state level.
Historical Context
This economic trend is closely monitored by policymakers, investors, and market analysts to gauge the financial sector's contribution to Ohio's economic performance and competitiveness.
Key Facts
- Ohio's financial services industry accounts for over 5% of the state's GDP.
- The securities and investments sector has experienced steady growth in Ohio over the past decade.
- This economic trend is a key indicator of the health and competitiveness of Ohio's financial hub.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) generated by the securities, commodity contracts, and other financial investments and related activities industry in the state of Ohio.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and contribution of Ohio's financial services sector to the state's overall economic activity, which is closely monitored by policymakers, investors, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its comprehensive measurement of GDP at the state level.
Q: How is this trend used in economic policy?
A: This economic trend is used by policymakers, investors, and market analysts to gauge the financial sector's contribution to Ohio's economic performance and competitiveness, informing economic development strategies and investment decisions.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule by the U.S. Bureau of Economic Analysis, but may be subject to occasional revisions and updates.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Ohio (OHSECCOMINVNGSP), retrieved from FRED.