Chain-Type Quantity Index for Real GDP: Management of Companies and Enterprises (55) in Maryland
MDMNGCOENTPRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
152.74
Year-over-Year Change
85.91%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Management of Companies and Enterprises (55) in Maryland measures the real economic output of the management of companies and enterprises sector in the state of Maryland.
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 production in the management of companies and enterprises industry in Maryland. It is a useful indicator for economists and policymakers to track the overall health and performance of this key sector within the state's economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using the chain-type quantity index method.
Historical Context
This trend is closely monitored by state economic development agencies and financial analysts to assess Maryland's business climate and investment opportunities.
Key Facts
- The index is calculated with a base year of 2012.
- This sector accounts for approximately 3% of Maryland's total real GDP.
- The index reached its highest level in 2018.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted economic output of the management of companies and enterprises sector in the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator for understanding the performance and health of a key industry within Maryland's economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using the chain-type quantity index method.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by state economic development agencies and financial analysts to assess Maryland's business climate and investment opportunities.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis with a lag of approximately 3 months.
Related Trends
Production or Nonsupervisory Employees: Manufacturing: Non-Durable Goods in Maryland
SMU24000003200000006
Chain-Type Quantity Index for Real GDP: Food and Beverage and Tobacco Product Manufacturing (311-312) in Maryland
MDFOODBEVTOBMANQGSP
Per Capita Personal Consumption Expenditures: Services: Financial Services and Insurance for Maryland
MDPCEPCFININS
Value of Exports to Germany from Maryland
MDDEUA052SCEN
Per Capita Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for Maryland
MDPCEPCGAS
Real Gross Domestic Product: Arts, Entertainment, and Recreation (71) in Maryland
MDARTENTRECRQGSP
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Management of Companies and Enterprises (55) in Maryland (MDMNGCOENTPRQGSP), retrieved from FRED.