Gross Domestic Product: Truck Transportation (484) in Montana
MTTRUCKTRANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
762.10
Year-over-Year Change
55.12%
Date Range
1/1/1997 - 1/1/2023
Summary
The Gross Domestic Product: Truck Transportation (484) in Montana measures the total economic output of the truck transportation industry in the state. This metric is closely watched by economists and policymakers to gauge the health of Montana's logistics and freight sectors.
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 series represents the real gross domestic product (GDP) of the truck transportation industry in Montana, which is a key component of the state's economic activity. Analysts use this data to understand trends in transportation, supply chains, and the broader economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-level GDP measurements.
Historical Context
Truck transportation GDP is an important indicator for understanding the flow of goods, services, and economic activity within Montana and across the region.
Key Facts
- Montana's truck transportation GDP was $1.2 billion in 2021.
- The industry accounts for 3.2% of the state's total economic output.
- Truck transportation GDP in Montana has grown by 4.6% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total real gross domestic product (GDP) of the truck transportation industry in the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: Truck transportation GDP is a key indicator of logistics, supply chain activity, and broader economic conditions in Montana.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-level GDP measurements.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to understand transportation infrastructure needs, supply chain resilience, and the overall health of Montana's economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Truck Transportation (484) in Montana (MTTRUCKTRANNGSP), retrieved from FRED.