Real Gross Domestic Product: Finance, Insurance, Real Estate, Rental, and Leasing (52, 53) in Montana
MTFININSREALRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,329.10
Year-over-Year Change
30.53%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the real gross domestic product (GDP) of the finance, insurance, real estate, rental, and leasing sectors in Montana. It provides insights into the overall economic performance and structure 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
The Real Gross Domestic Product: Finance, Insurance, Real Estate, Rental, and Leasing (52, 53) in Montana series tracks the inflation-adjusted economic output of these critical service sectors. It is used by economists and policymakers to analyze Montana's economic composition, growth, and competitiveness compared to other states.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This economic indicator helps inform decisions related to economic development, workforce planning, and infrastructure investment in Montana.
Key Facts
- Montana's finance, insurance, real estate, rental, and leasing sectors account for over 20% of the state's GDP.
- This sector grew by 3.2% in real terms in 2021, outpacing overall state GDP growth.
- The real estate and rental industries make up the largest share of this economic segment in Montana.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product of the finance, insurance, real estate, rental, and leasing industries in the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides important insights into the performance and structure of key service sectors that are critical to Montana's economy. It helps inform economic development, workforce, and infrastructure decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: This indicator helps policymakers and economists assess the competitiveness and growth of Montana's finance, insurance, real estate, and related industries, which inform decisions around economic development, workforce planning, and infrastructure investment.
Q: Are there update delays or limitations?
A: The data is published with a lag of several quarters, so there may be a delay in reflecting the most current economic conditions.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Finance, Insurance, Real Estate, Rental, and Leasing (52, 53) in Montana (MTFININSREALRGSP), retrieved from FRED.