Real Gross Domestic Product: Funds, Trusts, and Other Financial Vehicles (525) in South Dakota
SDFNDTRSTRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.00
Year-over-Year Change
35.14%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) of the funds, trusts, and other financial vehicles industry in South Dakota. It provides insights into the economic performance and contribution of this important financial sector within 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
The Real Gross Domestic Product: Funds, Trusts, and Other Financial Vehicles (525) in South Dakota metric tracks the inflation-adjusted economic output of this industry, which includes investment funds, insurance funds, and other financial intermediaries. It is a key indicator of the financial services industry's role in the state's overall economic activity.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This trend helps policymakers and analysts understand the significance of the financial services sector in South Dakota's economy.
Key Facts
- South Dakota's financial services industry accounts for over 10% of the state's GDP.
- The real GDP of South Dakota's funds, trusts, and financial vehicles sector has grown by 20% in the past decade.
- This industry employs over 15,000 people in South Dakota, making it a key part of the state's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the funds, trusts, and other financial vehicles industry in the state of South Dakota.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the economic performance and contribution of the financial services sector within South Dakota, which is an important part of the state's overall economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: This trend helps policymakers and analysts understand the significance of the financial services industry in South Dakota's economy, informing policy decisions and economic development strategies.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, but may have a delay of several months between the reference period and the release date.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Funds, Trusts, and Other Financial Vehicles (525) in South Dakota (SDFNDTRSTRGSP), retrieved from FRED.