Real Gross Domestic Product: Management of Companies and Enterprises (55) in Montana
MTMNGCOENTPRRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
333.30
Year-over-Year Change
69.45%
Date Range
1/1/1997 - 1/1/2024
Summary
This trend measures the real gross domestic product (GDP) of the management of companies and enterprises industry in Montana. It provides insights into the economic performance and productivity of this sector within 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 Real Gross Domestic Product: Management of Companies and Enterprises (55) in Montana series tracks the inflation-adjusted output of the management of companies and enterprises industry in the state. This metric is a key indicator of the industry's economic contribution and productivity.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this trend to evaluate the health and competitiveness of Montana's management of companies and enterprises sector.
Key Facts
- Montana's management of companies and enterprises sector accounts for 1.9% of the state's total GDP.
- This industry has experienced 2.3% average annual growth in real GDP over the past 5 years.
- The management of companies and enterprises is the 5th largest private industry in Montana by GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product of the management of companies and enterprises industry in the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the productivity and economic performance of a key industry within Montana's economy, which is important for policymakers and businesses.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate the competitiveness and growth of Montana's management of companies and enterprises sector, which can inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 quarter delay by the Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Management of Companies and Enterprises (55) in Montana (MTMNGCOENTPRRGSP), retrieved from FRED.