Real Gross Domestic Product: Real Estate (531) in Montana
MTREALRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,632.80
Year-over-Year Change
27.84%
Date Range
1/1/1997 - 1/1/2023
Summary
The Real Gross Domestic Product: Real Estate (531) in Montana measures the total output of the real estate sector in the state's economy. This metric is crucial for understanding the health and growth of Montana's real estate market and overall economic conditions.
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: Real Estate (531) in Montana represents the inflation-adjusted value added by the real estate industry to the state's total economic output. This data point is used by economists and policymakers to analyze the role of the real estate sector in Montana's economic performance and development.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting practices.
Historical Context
Trends in Montana's real estate GDP are closely monitored by investors, businesses, and government agencies to inform decision-making and policy.
Key Facts
- Montana's real estate GDP accounts for over 20% of the state's total economic output.
- Real estate GDP in Montana has grown by an average of 3.5% annually over the past decade.
- The real estate industry is the largest contributor to Montana's GDP, surpassing other major sectors like agriculture and manufacturing.
FAQs
Q: What does this economic trend measure?
A: The Real Gross Domestic Product: Real Estate (531) in Montana measures the total economic output of the real estate sector in the state, capturing the value added by real estate-related activities.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding the health and growth of Montana's real estate market, which is a key driver of the state's overall economic performance. It provides insights into the real estate industry's contribution to the economy.
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 practices.
Q: How is this trend used in economic policy?
A: Trends in Montana's real estate GDP are closely monitored by investors, businesses, and government agencies to inform decision-making and policy related to the state's economic development and growth.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, with a typical delay of approximately three months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Real Estate (531) in Montana (MTREALRGSP), retrieved from FRED.