Chain-Type Quantity Index for Real GDP: Federal Civilian in Montana
MTGOVFEDCIVQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.43
Year-over-Year Change
11.68%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Federal Civilian in Montana measures the real output of the federal civilian government sector in Montana. This trend is important for economists and policymakers to understand the economic activity and contribution of the federal government 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 index tracks the quantity or volume of goods and services produced by the federal civilian government in Montana, adjusted for inflation. It provides insight into the real economic impact of federal civilian activities, which is useful for fiscal and economic policy analysis.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index methodology.
Historical Context
Policymakers and analysts use this metric to evaluate the economic role of the federal government in Montana.
Key Facts
- The index is seasonally adjusted.
- Montana's federal civilian GDP accounts for about 1% of the state's total GDP.
- The index is published quarterly by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real output or quantity of goods and services produced by the federal civilian government sector in the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the economic contribution and activity of the federal government in Montana, which is important for fiscal and economic policy analysis.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index methodology.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the role and impact of the federal government in Montana's economy.
Q: Are there update delays or limitations?
A: The index is published quarterly with a relatively short delay, making it a timely indicator of federal civilian economic activity in Montana.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Federal Civilian in Montana (MTGOVFEDCIVQGSP), retrieved from FRED.