Real Gross Domestic Product: Other Services (Except Government and Government Enterprises) (81) in Maine
MEOTHSERVERGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,422.00
Year-over-Year Change
11.77%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the real gross domestic product (GDP) of the other services (except government and government enterprises) sector in Maine. It provides insight into the performance and contribution of this key industry to the state's overall economic activity.
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 other services (except government and government enterprises) sector includes a diverse range of businesses, such as personal care services, repair and maintenance, and professional and technical services. Tracking the real GDP of this sector helps economists and policymakers understand the health and dynamics of Maine's service-based economy.
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 used by economists, investors, and policymakers to assess the economic conditions and growth prospects of Maine's service industry.
Key Facts
- Maine's other services sector accounts for over 10% of the state's GDP.
- This industry has grown faster than the overall state economy in recent years.
- The sector is a major employer, providing jobs for over 100,000 Mainers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the other services (except government and government enterprises) sector in the state of Maine.
Q: Why is this trend relevant for users or analysts?
A: Tracking the real GDP of Maine's other services sector provides important insights into the performance and contribution of this key industry to the state's overall economic activity and 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 established national accounting principles.
Q: How is this trend used in economic policy?
A: This trend is used by economists, investors, and policymakers to assess the economic conditions and growth prospects of Maine's service industry, which is a critical component of the state's economy.
Q: Are there update delays or limitations?
A: There may be occasional delays in the release of this data, and the figures are subject to revisions as more information becomes available.
Related Trends
Industrial Carbon Dioxide Emissions, Residual Fuel for Maine
EMISSCO2VRFICBMEA
Number of Commercial Banks in Maine
X08CBTME
90% Confidence Interval Upper Bound of Estimate of People Under Age 5 in Poverty for Maine
PECIUB0T4ME23000A647NCEN
State Government Tax Collections, Motor Vehicle Operators Licenses in Maine
MEMVOPERTAX
Coefficient for Transportation Carbon Dioxide Emissions, Natural Gas (Pipeline) for Maine
EMISSCO2CNGACBMEA
All Employees: Education and Health Services: Nursing and Residential Care Facilities in Maine
SMU23000006562300001
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Other Services (Except Government and Government Enterprises) (81) in Maine (MEOTHSERVERGSP), retrieved from FRED.