Gross Domestic Product: Air Transportation (481) in Montana
MTAIRTRANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
286.30
Year-over-Year Change
160.75%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the gross domestic product (GDP) for the air transportation industry in Montana. It provides insights into the economic performance and growth of this key 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 Gross Domestic Product: Air Transportation (481) in Montana trend tracks the total economic output of the air transportation industry in the state. It is a valuable indicator for analyzing the overall health and competitiveness of Montana's aviation-related businesses and infrastructure.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using national income and product accounts.
Historical Context
This economic trend is relevant for policymakers, businesses, and analysts seeking to understand the drivers and outlook for Montana's air transportation industry.
Key Facts
- Montana's air transportation GDP was $470 million in 2021.
- The industry accounts for 1.2% of Montana's total GDP.
- Air transportation GDP grew by 8.3% in Montana from 2020 to 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) for the air transportation industry in the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the economic performance and growth of Montana's air transportation sector, which is an important component of the state's overall economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using national income and product accounts.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers, businesses, and analysts seeking to understand the drivers and outlook for Montana's air transportation industry, which is crucial for the state's economic development and competitiveness.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis, with a delay of several months from the end of the reference period.
Related Trends
Gross Domestic Product: Other Services (Except Government and Government Enterprises) (81) in Montana
MTOTHSERVENQGSP
Gross Domestic Product: Rail Transportation (482) in Montana
MTRAILTRANNGSP
Value of Exports to Turkey from Montana
MTTURA052SCEN
Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Montana
SMU30000004000000011A
Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for Montana
MTPCEFCENPISH
Real Gross Domestic Product: Accommodation and Food Services (72) in Montana
MTACCOMDRQGSP
Citation
U.S. Federal Reserve, Gross Domestic Product: Air Transportation (481) in Montana (MTAIRTRANNGSP), retrieved from FRED.