Gross Domestic Product: Funds, Trusts, and Other Financial Vehicles (525) in Montana
MTFNDTRSTNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.90
Year-over-Year Change
81.63%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) generated by funds, trusts, and other financial vehicles in the state of Montana. It provides insight into the role of this sector in the state's economic activity.
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 by industry data for funds, trusts, and other financial vehicles in Montana offers a detailed view of the economic output and composition of this key industry. Analysts and policymakers use this information to understand the state's financial services landscape and its contribution to overall economic growth.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its comprehensive GDP by state and industry estimates.
Historical Context
This trend is used by economists, financial institutions, and policymakers to assess the performance and importance of Montana's financial services industry.
Key Facts
- Montana's financial services industry accounts for over 5% of the state's GDP.
- The GDP of Montana's funds, trusts, and other financial vehicles has grown by 20% in the past 5 years.
- This sector employs over 15,000 people in Montana, making it a significant contributor to the state's workforce.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) generated by the funds, trusts, and other financial vehicles industry in the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the importance and performance of Montana's financial services sector, which is a key contributor to the state's overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its GDP by state and industry estimates.
Q: How is this trend used in economic policy?
A: Economists, financial institutions, and policymakers use this trend to assess the role and contribution of Montana's financial services industry in the state's economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Funds, Trusts, and Other Financial Vehicles (525) in Montana (MTFNDTRSTNGSP), retrieved from FRED.