Gross Domestic Product: Transportation and Warehousing (48-49) in Montana
MTTRANSWARENGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,183.00
Year-over-Year Change
67.90%
Date Range
1/1/1997 - 1/1/2024
Summary
The Gross Domestic Product: Transportation and Warehousing (48-49) in Montana measures the economic output of the transportation and warehousing industry in the state. This metric is important for economists and policymakers to assess the health and growth of this critical sector.
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 economic series represents the gross domestic product (GDP) generated by the transportation and warehousing industry (NAICS sectors 48-49) within the state of Montana. It provides insights into the overall productivity and contribution of this sector to the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of sources, including business surveys and government records.
Historical Context
Tracking this GDP trend helps inform policy decisions and business strategies related to transportation infrastructure, logistics, and the broader economic environment in Montana.
Key Facts
- Montana's transportation and warehousing GDP was $2.4 billion in 2021.
- This sector accounts for approximately 4% of Montana's total economic output.
- The transportation and warehousing GDP in Montana has grown by 12% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) generated by the transportation and warehousing industry in the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the productivity and economic contribution of a critical sector, which is important for understanding Montana's overall economic performance and growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of sources, including business surveys and government records.
Q: How is this trend used in economic policy?
A: Tracking this GDP trend helps inform policy decisions and business strategies related to transportation infrastructure, logistics, and the broader economic environment in Montana.
Q: Are there update delays or limitations?
A: The data is typically published with a delay of several months, and may be subject to revisions as more information becomes available.
Related Trends
Personal Consumption Expenditures: Goods: Durable Goods: Other Durable Goods for Montana
MTPCEODURG
Real Gross Domestic Product: Real Estate and Rental and Leasing (53) in Montana
MTRERENTLEARGSP
Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Gross Output of Nonprofit Institutions for Montana
MTPCEGONPI
Average Weekly Earnings of All Employees: Total Private in Montana
SMU30000000500000011A
Housing Inventory: Price Increased Count in Montana
PRIINCCOUMT
Housing Inventory: Median Home Size in Square Feet in Montana
MEDSQUFEEMT
Citation
U.S. Federal Reserve, Gross Domestic Product: Transportation and Warehousing (48-49) in Montana (MTTRANSWARENGSP), retrieved from FRED.