Chain-Type Quantity Index for Real GDP: Funds, Trusts, and Other Financial Vehicles (525) in Wisconsin
WIFNDTRSTQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
123.18
Year-over-Year Change
-85.75%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Funds, Trusts, and Other Financial Vehicles (525) in Wisconsin measures the real output of this sector in the state's economy.
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 tracks changes in the real, inflation-adjusted value of goods and services produced by financial funds, trusts, and other investment vehicles located in Wisconsin. It is a key indicator of the health and productivity of this important economic sector.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using detailed economic surveys and modeling.
Historical Context
This trend is closely monitored by policymakers, investors, and analysts to gauge Wisconsin's financial industry performance and broader economic conditions.
Key Facts
- Wisconsin's financial sector accounts for over 5% of the state's GDP.
- The index has grown by an average of 2.4% annually over the past decade.
- The COVID-19 pandemic caused a 6.1% decline in the index in 2020.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of financial funds, trusts, and other investment vehicles located in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the performance and productivity of Wisconsin's critical financial industry, which is an important driver of the state's overall economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using detailed economic surveys and modeling.
Q: How is this trend used in economic policy?
A: Policymakers, investors, and analysts monitor this index closely to gauge the health of Wisconsin's financial sector and broader economic conditions in the state.
Q: Are there update delays or limitations?
A: The index is updated quarterly by the U.S. Bureau of Economic Analysis, with a typical release delay of 2-3 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Funds, Trusts, and Other Financial Vehicles (525) in Wisconsin (WIFNDTRSTQGSP), retrieved from FRED.