Chain-Type Quantity Index for Real GDP: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Pennsylvania
PASECCOMINVQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.92
Year-over-Year Change
38.54%
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 Pennsylvania measures the inflation-adjusted output of this economic sector 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
This index tracks changes in the real, price-adjusted value of financial services production in Pennsylvania, providing insight into the state's financial industry activity and economic performance.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type index methodology.
Historical Context
This metric is widely used by economists and policymakers to analyze Pennsylvania's financial services industry and its contribution to the state's overall economic growth.
Key Facts
- This index uses 2012 as the base year.
- The financial services sector accounts for over 7% of Pennsylvania's GDP.
- The index reached its highest level in 2021.
FAQs
Q: What does this economic trend measure?
A: This index measures the inflation-adjusted output of the securities, commodity contracts, and other financial investments and related activities sector in Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the performance and contribution of Pennsylvania's financial services industry to the state's overall economic growth.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type index methodology.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to analyze the financial services sector's role in Pennsylvania's economy and inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Economic Analysis, with a typical release lag of 2-3 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 Pennsylvania (PASECCOMINVQGSP), retrieved from FRED.