Chain-Type Quantity Index for Real GDP: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in Montana
MTFRBCIQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109.46
Year-over-Year Change
-2.18%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in Montana measures the real output of the banking and financial sector in the state. This metric is crucial for analyzing economic growth and productivity in Montana's financial services industry.
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 index tracks the real, inflation-adjusted output of Montana's monetary authorities, banks, and other credit intermediaries. It is used by economists and policymakers to gauge the performance and contribution of the financial sector to the state's overall economic activity.
Methodology
The data is collected and calculated by the U.S. Federal Reserve using established national accounting principles.
Historical Context
This metric provides important insights into the health and growth of Montana's financial markets, which can inform economic and regulatory decisions.
Key Facts
- The index is based on 2012 as the reference year.
- Montana's financial sector contributes over 5% to the state's total GDP.
- The index has grown by an average of 2.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of Montana's monetary authorities, banks, and other credit intermediaries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insights into the performance and contribution of Montana's financial services industry 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. Federal Reserve using established national accounting principles.
Q: How is this trend used in economic policy?
A: This index informs economic and regulatory decisions by providing insights into the health and growth of Montana's financial markets.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve with minimal delays, providing timely information on the financial services sector in Montana.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in Montana (MTFRBCIQGSP), retrieved from FRED.