Chain-Type Quantity Index for Real GDP: Support Activities for Mining (213) in Montana
MTSAMINQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
170.63
Year-over-Year Change
-29.17%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Support Activities for Mining (213) in Montana measures the real economic output of this sector over time. It is a key indicator for understanding the state's energy and natural resource industries.
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
This index tracks the production volume of support activities for mining in Montana, including exploration, extraction, and related services. It is an important economic indicator for analysts and policymakers monitoring the state's energy and natural resource sectors.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
The index is used to inform policy decisions and investment strategies related to Montana's energy and mining industries.
Key Facts
- The index is measured quarterly since 2005.
- Mining support activities account for over 5% of Montana's GDP.
- The index reached a record high in 2019 before declining during the pandemic.
FAQs
Q: What does this economic trend measure?
A: This index measures the real output, or production volume, of support activities for the mining industry in Montana, including exploration, extraction, and related services.
Q: Why is this trend relevant for users or analysts?
A: The index is an important indicator for understanding the health and performance of Montana's energy and natural resource sectors, which are significant contributors to the state's economy.
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: The index is used by policymakers and analysts to inform decisions and investment strategies related to Montana's energy and mining industries.
Q: Are there update delays or limitations?
A: The index is published quarterly, with a delay of several months from the end of the reference period.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Support Activities for Mining (213) in Montana (MTSAMINQGSP), retrieved from FRED.