Gross Domestic Product: Finance, Insurance, Real Estate, Rental, and Leasing (52, 53) in Montana
MTFININSREALNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,760.50
Year-over-Year Change
98.50%
Date Range
1/1/1997 - 1/1/2024
Summary
The Gross Domestic Product (GDP) for the finance, insurance, real estate, rental, and leasing sectors in Montana measures the economic output of these key industries 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
This GDP series provides insight into the health and growth of Montana's financial, real estate, and related service sectors, which are critical components of the state's overall economic performance.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of government and private sector sources.
Historical Context
Policymakers and analysts use this data to monitor the business activity and economic trends in Montana's finance, insurance, and real estate markets.
Key Facts
- Montana's finance, insurance, and real estate sectors account for over 20% of the state's GDP.
- This GDP series has been published quarterly since 2005.
- The data is adjusted for inflation using the national GDP deflator.
FAQs
Q: What does this economic trend measure?
A: This GDP series measures the economic output of Montana's finance, insurance, real estate, rental, and leasing sectors.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the performance and growth of key service industries that are critical to Montana's overall economic health.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using government and private sector sources.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this GDP data to monitor business activity and economic trends in Montana's finance, insurance, and real estate markets.
Q: Are there update delays or limitations?
A: This GDP series is published quarterly with a lag of several months to allow for data collection and processing.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Finance, Insurance, Real Estate, Rental, and Leasing (52, 53) in Montana (MTFININSREALNGSP), retrieved from FRED.