Real Gross Domestic Product: Management of Companies and Enterprises (55) in Massachusetts
MAMNGCOENTPRRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16,783.70
Year-over-Year Change
18.70%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the real gross domestic product (GDP) of the management of companies and enterprises (sector 55) in the state of Massachusetts. It provides insights into the economic performance and productivity of this key industry 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 real GDP for the management of companies and enterprises sector represents the total value of goods and services produced by this industry, adjusted for inflation. This metric is widely used by economists and policymakers to analyze the health and growth of specific economic sectors within a state or region.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This trend is relevant for understanding the competitiveness and economic dynamics of the management and enterprise sector in Massachusetts, which has implications for employment, investment, and overall state economic performance.
Key Facts
- Massachusetts is a leading state for the management of companies and enterprises sector.
- This industry accounts for a significant portion of the state's economic output.
- The real GDP trend provides a measure of productivity and growth in this key sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the management of companies and enterprises sector (NAICS 55) in the state of Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the economic performance and productivity of the management and enterprise sector in Massachusetts, which is an important indicator for understanding the state's overall economic dynamics and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and market analysts to assess the health and growth of the management and enterprise sector in Massachusetts, which has implications for employment, investment, and overall state economic performance.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Economic Analysis, with potential delays of a few months between the end of the reference period and the data publication.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Management of Companies and Enterprises (55) in Massachusetts (MAMNGCOENTPRRQGSP), retrieved from FRED.