Real Gross Domestic Product: Manufacturing (31-33) in Montana
MTMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,033.60
Year-over-Year Change
34.13%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the real gross domestic product (GDP) of the manufacturing sector in Montana. It provides insights into the production and output levels of Montana's manufacturing industries, which are crucial for understanding the state's economic performance.
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: Manufacturing (31-33) in Montana series tracks the inflation-adjusted value of goods and services produced by the manufacturing sector in the state. It is a key indicator of the health and productivity of Montana's manufacturing-based industries, which contribute significantly to the state's overall economic activity.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounts methodologies.
Historical Context
This trend is widely used by policymakers, economists, and market analysts to assess the state of Montana's manufacturing sector and its impact on the broader economy.
Key Facts
- Montana's manufacturing sector accounts for over 10% of the state's GDP.
- The manufacturing industry employs more than 25,000 workers in Montana.
- Real GDP in Montana's manufacturing sector has grown by 3% annually on average over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product (GDP) of the manufacturing sector in the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: The manufacturing sector is a crucial component of Montana's economy, and this trend provides valuable insights into the productivity and output levels of this industry, which is important for policymakers, economists, and market analysts.
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 accounts methodologies.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and market analysts to assess the state of Montana's manufacturing sector and its impact on the broader state economy, informing policy decisions and market analysis.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical delay of 2-3 months, and may be subject to revisions as more complete information becomes available.
Related Trends
Information Earnings in Montana
MTEINF
Average Weekly Earnings of All Employees: Goods Producing in Montana
SMU30000000600000011A
Transportation Carbon Dioxide Emissions, Motor Gasoline for Montana
EMISSCO2VMGACBMTA
Administrative and Waste Services Earnings in Montana
MTEADM
All Employees: Education and Health Services: Social Assistance in Montana
SMU30000006562400001
Imports of Goods for Montana
IMPTOTMT
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Manufacturing (31-33) in Montana (MTMANRGSP), retrieved from FRED.