Real Gross Domestic Product: Information (51) in Montana
MTINFORQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,007.40
Year-over-Year Change
16.93%
Date Range
1/1/2005 - 1/1/2025
Summary
The Real Gross Domestic Product: Information (51) in Montana trend measures the real value-added output of the information industry in the state of Montana. This indicator provides insight into the performance and contribution of the information sector to Montana's overall economic growth.
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 trend represents the real, inflation-adjusted value added by the information industry to the state's gross domestic product. It is an important metric for economists and policymakers to assess the health and dynamics of Montana's information sector and its role in the broader state economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting methods.
Historical Context
This trend is closely watched by Montana state officials, business leaders, and economic analysts to inform policy decisions and investment strategies.
Key Facts
- Montana's information industry accounts for over 6% of the state's GDP.
- The information sector in Montana has experienced steady growth in recent years.
- Real GDP in Montana's information industry reached a record high in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted value added by the information industry to Montana's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the performance and economic contribution of Montana's information sector, which is important for understanding the state's overall economic growth and development.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting methods.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by Montana state officials, business leaders, and economic analysts to inform policy decisions and investment strategies related to the information industry.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis, with a delay of several months from the end of the reference period.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Information (51) in Montana (MTINFORQGSP), retrieved from FRED.