Chain-Type Quantity Index for Real GDP: Finance, Insurance, Real Estate, Rental, and Leasing (52, 53) in Tennessee
TNFININSREALQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
123.09
Year-over-Year Change
39.92%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Finance, Insurance, Real Estate, Rental, and Leasing (52, 53) in Tennessee measures the inflation-adjusted economic output of these sectors 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 provides a comprehensive measure of the real output and economic activity within the finance, insurance, real estate, rental, and leasing industries in Tennessee. It is a key indicator used by economists and policymakers to analyze the performance and trends in these crucial economic sectors.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index formula.
Historical Context
This metric is widely utilized to assess the health and contribution of the finance, insurance, and real estate sectors to Tennessee's overall economic growth.
Key Facts
- The index uses 2012 as the base year.
- This sector accounts for over 20% of Tennessee's GDP.
- The index has shown steady growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This index measures the inflation-adjusted economic output of the finance, insurance, real estate, rental, and leasing sectors in Tennessee.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding the performance and contribution of these key industries to Tennessee's overall economic growth and development.
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 quantity index formula.
Q: How is this trend used in economic policy?
A: This index is widely utilized by economists and policymakers to assess the health and contribution of the finance, insurance, and real estate sectors to Tennessee's economic growth and development.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, with a typical update delay of several months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Finance, Insurance, Real Estate, Rental, and Leasing (52, 53) in Tennessee (TNFININSREALQGSP), retrieved from FRED.