Real Gross Domestic Product: Utilities (22) in Montana
MTUTILRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
932.10
Year-over-Year Change
-17.21%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Real Gross Domestic Product: Utilities (22) in Montana' measures the economic output of the utilities industry in Montana, adjusted for inflation. This metric is important for analyzing the state's economic health and energy sector performance.
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 (inflation-adjusted) value added by the utilities industry, which includes electric power, natural gas, water, and sewage services, to Montana's gross domestic product. It provides insight into the productivity and growth of a key infrastructure sector that supports both businesses and households.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their state-level GDP by industry estimates.
Historical Context
Policymakers and analysts use this metric to gauge the vitality of Montana's utilities sector and its broader economic implications.
Key Facts
- Montana's utilities sector accounts for over 3% of the state's total GDP.
- Utilities GDP growth in Montana outpaced the national average in 2021.
- The utilities industry is a major employer in Montana, with over 5,000 workers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product contributed by the utilities industry in Montana, including electric power, natural gas, water, and sewage services.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the productivity and growth of a crucial infrastructure sector in Montana that supports both businesses and households. It is an important indicator of the state's economic health and energy sector performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their state-level GDP by industry estimates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the vitality of Montana's utilities sector and its broader economic implications, informing decisions related to energy, infrastructure, and economic development.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several quarters, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Utilities (22) in Montana (MTUTILRGSP), retrieved from FRED.