Gross Domestic Product: Insurance Carriers and Related Activities (524) in Montana
MTINSCRANGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,131.70
Year-over-Year Change
73.68%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the insurance carriers and related activities industry in Montana. It provides insights into the performance and size of this key sector within the state's economy.
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 GDP of the insurance carriers and related activities industry in Montana represents the total value of goods and services produced by this sector. It is an important indicator of economic activity and can help policymakers and analysts understand the role of the insurance industry in the state's overall economic landscape.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting frameworks.
Historical Context
This trend is utilized by economists, policymakers, and industry stakeholders to analyze the insurance industry's contribution to Montana's economy and inform economic policy decisions.
Key Facts
- Montana's insurance industry accounts for a significant portion of the state's GDP.
- The insurance sector has been a relatively stable contributor to Montana's economic growth.
- Analyzing this trend can help identify emerging trends and challenges within the state's insurance industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the insurance carriers and related activities industry in the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the performance and size of Montana's insurance industry, which is an important sector within the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting frameworks.
Q: How is this trend used in economic policy?
A: This trend is utilized by economists, policymakers, and industry stakeholders to analyze the insurance industry's contribution to Montana's economy and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedules and potential limitations as other economic indicators published by the U.S. government.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Insurance Carriers and Related Activities (524) in Montana (MTINSCRANGSP), retrieved from FRED.