Chain-Type Quantity Index for Real GDP: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in Virginia
VAFRBCIQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.28
Year-over-Year Change
-2.93%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in Virginia measures the real output of this sector in the state. It is an important indicator for economists and policymakers assessing the health of Virginia's financial services industry.
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 measure of the real (inflation-adjusted) gross domestic product (GDP) originating from the monetary authorities, central banking, credit intermediation, and related financial services industry in Virginia. It allows for analysis of the sector's economic contribution and performance over time.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index methodology.
Historical Context
This trend is used by economists, investors, and policymakers to monitor the financial services industry's role in Virginia's overall economic activity.
Key Facts
- The index is based on 2012 chained dollars.
- It covers NAICS codes 521-522 for the state of Virginia.
- The data is released quarterly by the U.S. Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product (GDP) originating from the monetary authorities, central banking, credit intermediation, and related financial services industry in the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for economists, policymakers, and investors as it provides insight into the performance and contribution of Virginia's financial services sector to the state's overall economic activity.
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 methodology.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and market participants to monitor the financial services industry's role in Virginia's overall economic performance and to inform economic and financial policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Federal Reserve, and there may be a short delay between the end of the reference period and the data release.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in Virginia (VAFRBCIQGSP), retrieved from FRED.