Chain-Type Quantity Index for Real GDP: Wholesale Trade (42) in Montana
MTWHOLEQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
111.17
Year-over-Year Change
5.70%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Wholesale Trade (42) in Montana measures the volume of economic output in the wholesale trade sector of Montana's economy, adjusted for inflation.
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 provides a way to track changes in the real, inflation-adjusted value of goods traded wholesale in Montana over time. Economists and policymakers use it to assess the health and trends of this key economic sector.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using chain-weighted methods to account for price changes.
Historical Context
Trends in wholesale trade activity are relevant for understanding Montana's broader economic conditions and the state's role in national supply chains.
Key Facts
- Montana's wholesale trade sector accounts for about 5% of the state's GDP.
- The wholesale trade index reached a peak in 2018 before declining in 2020 due to the COVID-19 pandemic.
- Wholesale trade makes up a larger share of Montana's economy compared to the national average.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted volume of economic output in Montana's wholesale trade sector over time.
Q: Why is this trend relevant for users or analysts?
A: Trends in wholesale trade activity provide insight into the health of Montana's economy and the state's role in national supply chains.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using chain-weighted methods to account for price changes.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this index to assess the performance of Montana's wholesale trade sector and its broader economic implications.
Q: Are there update delays or limitations?
A: The data is published quarterly with a delay of several months, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Wholesale Trade (42) in Montana (MTWHOLEQQGSP), retrieved from FRED.