Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for Montana
MTPCEGONPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,538.70
Year-over-Year Change
83.24%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross output of nonprofit institutions serving households in Montana. It is a key indicator of the scale and activity of the nonprofit sector in 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 Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for Montana metric tracks the total value of goods and services produced by nonprofit organizations in the state. This provides insight into the economic footprint and importance of the nonprofit sector.
Methodology
The data is collected through surveys of nonprofit organizations in Montana by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and economists use this metric to assess the role of the nonprofit sector in Montana's economy and its contribution to overall personal consumption.
Key Facts
- Nonprofit institutions contributed over $5 billion to Montana's economy in 2021.
- The nonprofit sector accounts for 8% of Montana's total personal consumption expenditures.
- Nonprofit gross output in Montana has grown by 12% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total gross output, or value of goods and services produced, by nonprofit institutions serving households in the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the scale and economic impact of the nonprofit sector in Montana, which is a crucial component of the state's overall personal consumption and economic activity.
Q: How is this data collected or calculated?
A: The data is collected through surveys of nonprofit organizations conducted by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the role of the nonprofit sector in Montana's economy and its contribution to overall personal consumption and economic growth.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months, so there may be a delay in accessing the most recent information.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for Montana (MTPCEGONPI), retrieved from FRED.