Chain-Type Quantity Index for Real GDP: Educational Services (61) in Montana
MTEDCATQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
128.39
Year-over-Year Change
33.64%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Educational Services (61) in Montana measures the real output of the educational services industry in the state. This trend is a key indicator of economic activity and productivity in the education sector.
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 for Real GDP: Educational Services (61) in Montana tracks the real, inflation-adjusted value of goods and services produced by educational institutions in the state. It is used to analyze economic growth, productivity, and industry-level trends in the education sector.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted index methodology.
Historical Context
This economic trend is relevant for policymakers, educators, and economists analyzing the performance and contribution of the education industry in Montana.
Key Facts
- The index is referenced to 2012 as the base year.
- Educational services account for over 5% of Montana's GDP.
- The index reached a high of 117.58 in 2022.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Educational Services (61) in Montana measures the real, inflation-adjusted output of the educational services industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding economic activity, productivity, and industry-level performance in the education sector of Montana.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted index methodology.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers, educators, and economists analyzing the contribution of the education industry to Montana's economy.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Economic Analysis with typical update delays of 1-2 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Educational Services (61) in Montana (MTEDCATQGSP), retrieved from FRED.