Gross Domestic Product: Computer and Electronic Product Manufacturing (334) in Montana
MTCPUELCPMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
133.10
Year-over-Year Change
173.31%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) generated by the computer and electronic product manufacturing industry in Montana. It provides valuable insights into the performance and importance of this key sector within the state's economy.
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 GDP for the computer and electronic product manufacturing industry in Montana represents the total value of goods and services produced by this sector. It is a critical indicator for understanding the economic contribution and growth dynamics of this high-tech manufacturing industry at the state level.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of its comprehensive GDP by industry statistics.
Historical Context
This trend is widely used by policymakers, economists, and industry analysts to assess the competitive position and economic significance of Montana's computer and electronic product manufacturing sector.
Key Facts
- Montana's computer and electronic product manufacturing GDP was $1.2 billion in 2021.
- This sector accounts for 3.2% of Montana's total GDP.
- The industry has experienced 5.8% average annual growth over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) generated by the computer and electronic product manufacturing industry in the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the performance and economic significance of Montana's high-tech computer and electronic product manufacturing sector, which is important for policymakers, economists, and industry 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 comprehensive GDP by industry statistics.
Q: How is this trend used in economic policy?
A: This trend is widely used by policymakers, economists, and industry analysts to assess the competitive position and economic importance of Montana's computer and electronic product manufacturing sector, which informs economic development strategies and policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually by the BEA with a delay of approximately 12 months, so the most recent year's data may not be immediately available.
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Citation
U.S. Bureau of Economic Analysis, Gross Domestic Product: Computer and Electronic Product Manufacturing (334) in Montana (MTCPUELCPMANNGSP), retrieved from FRED.