Chain-Type Quantity Index for Real GDP: Military in Montana
MTGOVFEDMILQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.65
Year-over-Year Change
-1.96%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Military in Montana measures the real economic output of the military sector in the state of Montana. This metric is crucial for policymakers and economists to understand the economic impact of military activity in the region.
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 year-over-year change in the real (inflation-adjusted) value of goods and services produced by the military in Montana. It provides insights into the overall economic contribution of the military to the state's GDP.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted index methodology.
Historical Context
This metric helps inform budgetary and policy decisions related to military presence and spending in Montana.
Key Facts
- Montana's military GDP accounts for over 10% of the state's total economic output.
- The military sector in Montana has seen steady growth in real GDP over the past decade.
- Defense spending is a major driver of economic activity in several Montana communities.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted economic output of the military sector in the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the economic importance of the military presence in Montana, which is crucial for policymakers and economists analyzing the state's economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted index methodology.
Q: How is this trend used in economic policy?
A: This metric helps inform budgetary and policy decisions related to military presence and spending in Montana, as it provides a measure of the economic impact of the military sector in the state.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Bureau of Economic Analysis, though there may be occasional delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Military in Montana (MTGOVFEDMILQGSP), retrieved from FRED.