Chain-Type Quantity Index for Real GDP: Insurance Carriers and Related Activities (524) in the Southeast BEA Region
SESTINSCRAQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
129.09
Year-over-Year Change
88.69%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Insurance Carriers and Related Activities (524) in the Southeast BEA Region measures the inflation-adjusted output of the insurance industry in the Southeastern United States. This metric is important for economists and policymakers to gauge the health and growth of a key service sector.
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, volume-adjusted GDP output of the insurance industry, including carriers, agencies, and related services, within the Southeast region as defined by the Bureau of Economic Analysis (BEA). It provides a gauge of productivity and economic performance in this crucial financial services segment.
Methodology
The data is calculated by the BEA using a chain-type index formula applied to the nominal GDP figures for the insurance industry.
Historical Context
This index informs analyses of the regional insurance market and its role in the broader Southeastern economy.
Key Facts
- Covers the insurance industry in 8 Southeastern U.S. states.
- Chain-type index uses 2012 as the base year.
- Data available quarterly since 2005.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted GDP output of the insurance industry, including carriers, agencies, and related services, in the Southeastern United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the productivity and economic performance of a key service sector in the Southeast region, informing analyses of the regional insurance market and its role in the broader economy.
Q: How is this data collected or calculated?
A: The data is calculated by the Bureau of Economic Analysis using a chain-type index formula applied to the nominal GDP figures for the insurance industry.
Q: How is this trend used in economic policy?
A: This index informs analyses of the regional insurance market and its role in the broader Southeastern economy, which can be relevant for policymakers and economic decision-makers.
Q: Are there update delays or limitations?
A: The data is available quarterly with a typical release lag of several months.
Related Trends
Real Gross Domestic Product: Motion Picture and Sound Recording Industries (512) in the Southeast BEA Region
SESTMOTPICSNDRGSP
Gross Domestic Product: Pipeline Transportation (486) in the Southeast BEA Region
SESTPIPETRANNGSP
Real Gross Domestic Product: Administrative and Support and Waste Management and Remediation Services (56) in the Southeast BEA Region
SESTADMINWASTRGSP
Gross Domestic Product: Health Care and Social Assistance (62) in the Southeast BEA Region
SESTHLTHSOCASSNGSP
Real Gross Domestic Product: Farms (111-112) in the Southeast BEA Region
SESTFARMRGSP
Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in the Southeast BEA Region
SESTAGRNQGSP
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Insurance Carriers and Related Activities (524) in the Southeast BEA Region (SESTINSCRAQGSP), retrieved from FRED.