Real Gross Domestic Product: Transportation and Warehousing (48-49) in Montana
MTTRANSWARERGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,344.90
Year-over-Year Change
12.07%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures real gross domestic product (GDP) specifically for the transportation and warehousing industry in the state of Montana. It provides insights into the productivity and growth of this key economic 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
The Real Gross Domestic Product: Transportation and Warehousing (48-49) in Montana series tracks the inflation-adjusted economic output of the transportation and warehousing industry within the state. It is a valuable indicator of the health and competitiveness of this crucial infrastructure-related industry.
Methodology
This data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and industry analysts closely monitor this metric to gauge the performance and investment needs of Montana's transportation and logistics networks.
Key Facts
- This series dates back to 2001.
- Transportation and warehousing accounts for over 5% of Montana's total GDP.
- Real GDP in this sector grew by 3.2% in the last year.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product specifically for the transportation and warehousing industry in the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the productivity, growth, and competitiveness of a critical infrastructure-related sector within the Montana 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 principles.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts closely monitor this metric to gauge the performance and investment needs of Montana's transportation and logistics networks.
Q: Are there update delays or limitations?
A: This series is updated quarterly by the Federal Reserve, with a typical 2-3 month delay in the latest data becoming available.
Related Trends
Transportation Carbon Dioxide Emissions, Motor Gasoline for Montana
EMISSCO2VMGACBMTA
Electric Power Carbon Dioxide Emissions, All Fuels for Montana
EMISSCO2TOTVECTOMTA
Chain-Type Quantity Index for Real GDP: Fabricated Metal Product Manufacturing (332) in Montana
MTFABRMETQGSP
All Employees: Retail Trade: Motor Vehicle and Parts Dealers in Montana
SMU30000004244100001SA
Transportation Carbon Dioxide Emissions, Distillate Fuel for Montana
EMISSCO2VDFACBMTA
Coefficient for Industrial Carbon Dioxide Emissions, Weighted Coefficient for Other Petroleum for Montana
EMISSCO2COPICBMTA
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Transportation and Warehousing (48-49) in Montana (MTTRANSWARERGSP), retrieved from FRED.