Real Gross Domestic Product: Management of Companies and Enterprises (55) in Montana
MTMNGCOENTPRRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
328.00
Year-over-Year Change
7.58%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the real gross domestic product (GDP) of the management of companies and enterprises sector in Montana. It provides insights into the performance and contribution of this industry to the state's overall economic activity.
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 represents the inflation-adjusted value added by the management of companies and enterprises industry to the state's GDP. This metric is a key indicator of the sector's productivity and its role in Montana's economic landscape.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This trend is relevant for economists, policymakers, and industry analysts to assess the health and growth of Montana's management of companies and enterprises sector.
Key Facts
- The management of companies and enterprises sector accounts for approximately 4% of Montana's GDP.
- This industry has experienced an average annual growth rate of 2.5% over the past decade.
- The COVID-19 pandemic had a significant impact on the sector, leading to a 6.2% decline in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) 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 performance and contribution of the management of companies and enterprises industry to Montana's overall economic activity, which is important for economists, policymakers, and industry 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 accounting principles.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the health and growth of Montana's management of companies and enterprises sector, which can inform economic development strategies and policy decisions.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and there may be revisions to previous estimates as more complete information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Management of Companies and Enterprises (55) in Montana (MTMNGCOENTPRRQGSP), retrieved from FRED.