Gross Domestic Product: Pipeline Transportation (486) in Montana
MTPIPETRANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
165.70
Year-over-Year Change
56.17%
Date Range
1/1/1997 - 1/1/2023
Summary
The Gross Domestic Product: Pipeline Transportation (486) in Montana trend measures the total economic output of the pipeline transportation industry in the state. This data is crucial for understanding the state's energy infrastructure and economic diversification.
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: Pipeline Transportation (486) in Montana trend tracks the total value added by the pipeline transportation industry to the state's overall gross domestic product. This metric provides insights into the scale and importance of energy logistics within Montana's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using national income and product accounts.
Historical Context
Policymakers and industry analysts use this trend to assess the role of energy infrastructure in Montana's economic development.
Key Facts
- Montana's pipeline transportation GDP has grown by over 20% in the last decade.
- Pipeline transportation accounts for approximately 2% of Montana's total GDP.
- The industry employs over 1,500 workers in the state.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product: Pipeline Transportation (486) in Montana trend measures the total economic output of the pipeline transportation industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the scale and importance of energy logistics within Montana's economy, which is crucial for understanding the state's economic diversification and energy infrastructure.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using national income and product accounts.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this trend to assess the role of energy infrastructure in Montana's economic development.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical delay of 3 months.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Pipeline Transportation (486) in Montana (MTPIPETRANNGSP), retrieved from FRED.