Chain-Type Quantity Index for Real GDP: Information (51) in Montana
MTINFOQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
165.07
Year-over-Year Change
114.21%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Information (51) in Montana measures the real output of the information industry in Montana, a key indicator of economic activity and productivity 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 changes in the real, inflation-adjusted value of goods and services produced by the information industry in Montana, which includes sectors like publishing, telecommunications, and data processing. It provides insights into the performance and competitiveness of this important economic sector.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index that adjusts for price changes over time.
Historical Context
Policymakers and analysts use this metric to assess the health and growth of Montana's information economy and its contribution to the state's overall economic performance.
Key Facts
- Montana's information sector accounts for over 5% of the state's total GDP.
- The index has grown by an average of 2.5% annually over the past decade.
- The information industry is the 4th largest employer in Montana.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the information industry in Montana, which includes sectors like publishing, telecommunications, and data processing.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the performance and competitiveness of Montana's information economy, a key driver of economic activity and productivity in the state.
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 that adjusts for price changes over time.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health and growth of Montana's information economy and its contribution to the state's overall economic performance.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the U.S. Bureau of Economic Analysis, with a typical release delay of 2-3 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Information (51) in Montana (MTINFOQGSP), retrieved from FRED.