Gross Domestic Product: Finance and Insurance (52) in Montana
Quarterly, Seasonally Adjusted Annual Rate
MTFININSNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,029.20
Year-over-Year Change
25.59%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate (MTFININSNQGSP) measures the total value of goods and services produced in the U.S. economy. It is a key indicator of economic growth and performance.
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 (GDP) is the broadest measure of economic activity, representing the total market value of all final goods and services produced within a country during a given period. It is a crucial metric for policymakers and analysts to assess the overall health and trajectory of the U.S. economy.
Methodology
The GDP data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on a variety of sources, including business surveys, trade data, and consumer spending figures.
Historical Context
Quarterly GDP growth is closely monitored by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Key Facts
- The U.S. GDP reached a record high of $23.9 trillion in 2021.
- GDP growth averaged 2.3% annually from 2010 to 2019.
- The COVID-19 pandemic caused a 3.4% contraction in GDP in 2020.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate (MTFININSNQGSP) measures the total value of goods and services produced in the U.S. economy, which is known as the Gross Domestic Product (GDP).
Q: Why is this trend relevant for users or analysts?
A: GDP is a crucial indicator of overall economic health and performance, making it highly relevant for policymakers, businesses, and analysts to assess the current state and trajectory of the U.S. economy.
Q: How is this data collected or calculated?
A: The GDP data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on a variety of sources, including business surveys, trade data, and consumer spending figures.
Q: How is this trend used in economic policy?
A: Quarterly GDP growth is closely monitored by the Federal Reserve and other institutions to inform economic and monetary policy decisions, such as interest rate adjustments and fiscal stimulus measures.
Q: Are there update delays or limitations?
A: The GDP data is released on a quarterly basis, with a delay of approximately one month after the end of each quarter.
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PATENTUSMTPLANT
Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (MTFININSNQGSP), retrieved from FRED.