Chain-Type Quantity Index for Real GDP: Broadcasting (Except Internet) and Telecommunications (515, 517) in Montana
MTBRDTELEQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
133.97
Year-over-Year Change
72.47%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the chain-type quantity index for real GDP in the broadcasting (except internet) and telecommunications industries in Montana. It provides insight into the economic output and productivity of these key sectors 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 chain-type quantity index is a measure of real GDP that accounts for changes in relative prices over time. This index is used to track the economic performance of specific industries and sectors within a state or region, offering valuable data for policymakers and analysts.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of its regional GDP accounts.
Historical Context
This trend is useful for understanding the economic conditions and growth drivers in Montana's technology and communications industries.
Key Facts
- The index uses 2012 as the base year.
- This sector accounted for 3.2% of Montana's GDP in 2020.
- The index has increased by 10.5% since 2015.
FAQs
Q: What does this economic trend measure?
A: This trend measures the chain-type quantity index for real GDP in the broadcasting (except internet) and telecommunications industries in the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable data on the economic performance and productivity of a key sector in Montana, offering insights for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of its regional GDP accounts.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and market analysts to understand the economic conditions and growth drivers in Montana's technology and communications industries.
Q: Are there update delays or limitations?
A: The data is updated regularly by the BEA, but may have a lag of several months between the reference period and the release date.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Broadcasting (Except Internet) and Telecommunications (515, 517) in Montana (MTBRDTELEQGSP), retrieved from FRED.