Real Gross Domestic Product: Wholesale Trade (42) in Montana
MTWHOLERQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,975.60
Year-over-Year Change
5.70%
Date Range
1/1/2005 - 1/1/2025
Summary
The Real Gross Domestic Product: Wholesale Trade (42) in Montana measures the inflation-adjusted economic output of the wholesale trade sector in the state. This metric is a key indicator of the overall health and productivity of Montana's economy.
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: Wholesale Trade (42) in Montana represents the portion of the state's total economic output that is generated by businesses engaged in wholesale trade activities, including the distribution and sale of goods and services to other businesses. This data series is widely used by economists and policymakers to analyze trends in the wholesale trade industry and its contribution to Montana's economic growth.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using proprietary economic modeling and statistical methods.
Historical Context
Trends in this metric are closely monitored by government agencies, businesses, and investors to gauge the strength of Montana's economy and inform policy decisions.
Key Facts
- Montana's wholesale trade sector accounts for over 10% of the state's GDP.
- Real GDP in Montana's wholesale trade industry has grown by 5% over the past 5 years.
- Wholesale trade is the second-largest private employer in Montana, accounting for nearly 20,000 jobs.
FAQs
Q: What does this economic trend measure?
A: The Real Gross Domestic Product: Wholesale Trade (42) in Montana measures the inflation-adjusted economic output of the wholesale trade sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of the overall health and productivity of Montana's economy, providing insights into the strength of the state's wholesale trade industry.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using proprietary economic modeling and statistical methods.
Q: How is this trend used in economic policy?
A: Trends in this metric are closely monitored by government agencies, businesses, and investors to gauge the strength of Montana's economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the U.S. Bureau of Economic Analysis, with a typical delay of 2-3 months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Wholesale Trade (42) in Montana (MTWHOLERQGSP), retrieved from FRED.