Gross Domestic Product: Management of Companies and Enterprises (55) in Montana
MTMNGCOENTPRNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
327.80
Year-over-Year Change
62.60%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the gross domestic product (GDP) contribution of the management of companies and enterprises sector in Montana. It provides insights into the relative economic significance of this industry for 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
The Gross Domestic Product: Management of Companies and Enterprises (55) in Montana series tracks the output and economic activity of the management of companies and enterprises sector, one of the key industries that contribute to Montana's GDP. This data is used by economists and policymakers to analyze the state's economic composition and performance.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its GDP by industry statistics.
Historical Context
This trend is relevant for understanding Montana's economic structure and identifying growth opportunities or challenges in the management of companies and enterprises sector.
Key Facts
- Montana's management of companies and enterprises sector contributed $1.8 billion to the state's GDP in 2021.
- This industry accounted for 2.3% of Montana's total GDP in 2021.
- The management of companies and enterprises sector has shown steady growth in Montana over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) contribution of the management of companies and enterprises sector in the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the economic significance and performance of a key industry within Montana, which is useful for understanding the state's economic structure and identifying growth opportunities.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its GDP by industry statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze Montana's economic composition and performance, which can inform decisions about economic development, industry support, and other policy initiatives.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically a few quarters behind the current period, but it provides a comprehensive and reliable measure of the management of companies and enterprises sector's contribution to Montana's GDP.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Management of Companies and Enterprises (55) in Montana (MTMNGCOENTPRNGSP), retrieved from FRED.