Real Gross Domestic Product: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in Utah
UTFRBCIRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,250.60
Year-over-Year Change
12.63%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) for the monetary authorities, credit intermediation, and related services industry in Utah. It provides insights into the economic performance and productivity of this critical financial 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
The Real Gross Domestic Product: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in Utah is a key indicator used by economists and policymakers to assess the health and growth of the state's financial services industry. It serves as a barometer for the overall economic activity and productivity within this sector.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on standard national accounting principles.
Historical Context
This trend is closely monitored by financial institutions, regulators, and economic analysts to inform investment decisions and policy considerations.
Key Facts
- Utah's financial services sector accounts for over 8% of the state's GDP.
- The real GDP for this industry has grown by an average of 3.2% annually over the past decade.
- Credit intermediation and related services make up the largest subsector within this industry in Utah.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) for the monetary authorities, credit intermediation, and related services industry in the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the economic performance and productivity of Utah's critical financial services sector, which is a key driver 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. Federal Reserve based on standard national accounting principles.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by financial institutions, regulators, and economic analysts to inform investment decisions and policy considerations related to Utah's financial services industry.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve, but there may be some delays in the release of the most recent figures.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in Utah (UTFRBCIRGSP), retrieved from FRED.