Real Gross Domestic Product: Funds, Trusts, and Other Financial Vehicles (525) in Wisconsin
WIFNDTRSTRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.40
Year-over-Year Change
-85.77%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) of the funds, trusts, and other financial vehicles industry in Wisconsin. It provides insight into the economic activity and performance of this important sector within 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 Real Gross Domestic Product: Funds, Trusts, and Other Financial Vehicles (525) in Wisconsin trend represents the total inflation-adjusted economic output of this industry, which includes investment funds, trusts, and other financial vehicles. It is a key indicator of the financial sector's contribution to the state's overall economic growth.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using standard national accounting principles.
Historical Context
This trend is closely watched by policymakers, investors, and analysts to assess the health and competitiveness of Wisconsin's financial services industry.
Key Facts
- Wisconsin's financial services industry accounts for over 5% of the state's GDP.
- The funds, trusts, and other financial vehicles sector has experienced steady growth over the past decade.
- This trend is a leading indicator of the broader financial health and market confidence in Wisconsin.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the funds, trusts, and other financial vehicles industry in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insight into the performance and economic contribution of Wisconsin's financial services sector, 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 standard national accounting principles.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, investors, and analysts to assess the health and competitiveness of Wisconsin's financial services industry, which informs economic development strategies and investment decisions.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a typical delay of 2-3 months from the end of the reporting period.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Funds, Trusts, and Other Financial Vehicles (525) in Wisconsin (WIFNDTRSTRGSP), retrieved from FRED.