Chain-Type Quantity Index for Real GDP: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Virginia
VASECCOMINVQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.01
Year-over-Year Change
34.09%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the chain-type quantity index for real GDP in the securities, commodity contracts, and other financial investments and related activities (NAICS 523) industry in Virginia. It provides insights into the economic performance of this key financial sector 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
The chain-type quantity index for real GDP is a key measure of economic activity and productivity. This trend specifically tracks the real output of the securities, commodity contracts, and other financial investments industry in Virginia, offering valuable insights into the state's financial services sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their GDP by industry statistics.
Historical Context
This trend is used by economists, policymakers, and industry analysts to assess the health and growth of Virginia's financial services industry.
Key Facts
- This trend covers NAICS industry 523, which includes securities, commodity contracts, and other financial investments.
- The index is based on chain-type quantity measures, which adjust for inflation and changes in the composition of economic activity.
- Virginia's financial services sector accounts for a significant portion of the state's overall economic output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the chain-type quantity index for real GDP in the securities, commodity contracts, and other financial investments and related activities (NAICS 523) industry in the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the economic performance and productivity of Virginia's financial services sector, which is an important part 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. Bureau of Economic Analysis as part of their GDP by industry statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and industry analysts to assess the health and growth of Virginia's financial services industry, which can inform economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is published by the U.S. Bureau of Economic Analysis, and there may be update delays or limitations typical of government economic statistics.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Virginia (VASECCOMINVQGSP), retrieved from FRED.