Chain-Type Quantity Index for Real GDP: Funds, Trusts, and Other Financial Vehicles (525) in South Dakota
SDFNDTRSTQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
185.01
Year-over-Year Change
35.70%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Funds, Trusts, and Other Financial Vehicles (525) in South Dakota measures the inflation-adjusted economic output of this 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 the real-term performance of the financial vehicles industry in South Dakota, providing insights into the health and growth of this key economic segment.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology.
Historical Context
This metric is used by policymakers and analysts to evaluate the financial services industry's contribution to the state's overall economic activity.
Key Facts
- The index is measured with a base year of 2012.
- Financial vehicles account for over 5% of South Dakota's GDP.
- The index has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the inflation-adjusted economic output of the funds, trusts, and other financial vehicles industry in South Dakota.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the performance and contribution of the financial services sector to South Dakota's overall economic activity.
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 methodology.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to evaluate the financial services industry's role in South Dakota's economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a delay of approximately two months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Funds, Trusts, and Other Financial Vehicles (525) in South Dakota (SDFNDTRSTQGSP), retrieved from FRED.