Real Gross Domestic Product: Information (51) in Montana
MTINFORGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,904.80
Year-over-Year Change
114.22%
Date Range
1/1/1997 - 1/1/2024
Summary
The Real Gross Domestic Product: Information (51) in Montana measures the economic output of the information sector in Montana, adjusted for inflation. This metric is crucial for understanding the performance and trends within Montana's information 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
The Real Gross Domestic Product: Information (51) in Montana represents the inflation-adjusted value of goods and services produced by the information sector, one of the major industries in the state. This data is used by economists and policymakers to assess the health and growth of Montana's information economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a variety of sources, including business surveys and government data.
Historical Context
Trends in this metric help inform economic and policy decisions related to Montana's information sector.
Key Facts
- The information sector accounts for over 5% of Montana's GDP.
- Real GDP in Montana's information sector has grown by 2.5% annually over the past decade.
- Montana's information industry is dominated by software, data processing, and telecommunications.
FAQs
Q: What does this economic trend measure?
A: The Real Gross Domestic Product: Information (51) in Montana measures the inflation-adjusted economic output of Montana's information sector, which includes industries like software, data processing, and telecommunications.
Q: Why is this trend relevant for users or analysts?
A: This metric provides key insights into the performance and growth of one of Montana's major industries, helping inform economic and policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a variety of sources, including business surveys and government data.
Q: How is this trend used in economic policy?
A: Trends in this metric help guide economic and policy decisions related to Montana's information sector, a crucial part of the state's economy.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the U.S. Bureau of Economic Analysis, with a typical 2-3 month delay.
Related Trends
Poverty Universe, Age 0-4 for Montana
PUA0T4MT30000A647NCEN
Chain-Type Quantity Index for Real GDP: Petroleum and Coal Products Manufacturing (324) in Montana
MTPETCOALMANQGSP
Electric Power Carbon Dioxide Emissions, Residual Fuel for Montana
EMISSCO2VRFEIBMTA
Gross Domestic Product: Educational Services, Health Care, and Social Assistance (61, 62) in Montana
MTEDHLTHSOCASSNGSP
Real Gross Domestic Product: Utilities (22) in Montana
MTUTILRGSP
State Government Tax Collections, Corporations in General Licenses in Montana
MTCORPLICTAX
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Information (51) in Montana (MTINFORGSP), retrieved from FRED.