Gross Domestic Product: Funds, Trusts, and Other Financial Vehicles (525) in Tennessee
TNFNDTRSTNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
448.20
Year-over-Year Change
900.45%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of funds, trusts, and other financial vehicles in Tennessee. It provides insights into the state's financial services industry and overall economic performance.
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 GDP of funds, trusts, and other financial vehicles represents the total value of goods and services produced by this sector in Tennessee. It is a key indicator of the state's financial services industry, which plays an important role in the overall economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This trend is closely monitored by policymakers, investors, and analysts to assess the financial health and economic conditions in Tennessee.
Key Facts
- Tennessee's financial services industry accounts for over 6% of the state's GDP.
- The GDP of financial vehicles in Tennessee has grown by 4.2% annually over the past 5 years.
- This sector employs over 100,000 people in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the funds, trusts, and other financial vehicles sector in the state of Tennessee.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the performance and importance of Tennessee's financial services industry, which is a key driver of the state's overall economic activity.
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: Policymakers, investors, and analysts closely monitor this trend to assess the financial health and economic conditions in Tennessee.
Q: Are there update delays or limitations?
A: The data is typically published on a quarterly basis with a few months' delay.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Funds, Trusts, and Other Financial Vehicles (525) in Tennessee (TNFNDTRSTNGSP), retrieved from FRED.