Gross Domestic Product: Management of Companies and Enterprises (55) in North Carolina
NCMNGCOENTPRNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,151.30
Year-over-Year Change
11.56%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the gross domestic product (GDP) from the management of companies and enterprises sector in North Carolina. It provides insights into the economic performance and productivity of this key industry within the state.
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 Gross Domestic Product: Management of Companies and Enterprises (55) in North Carolina series tracks the total value of goods and services produced by businesses primarily engaged in managing companies and enterprises. This data is used by economists and policymakers to assess the health and contribution of the management sector to the state's overall economic activity.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Historical Context
This economic indicator is relevant for understanding North Carolina's business climate and can inform policy decisions related to the management and professional services industry.
Key Facts
- North Carolina's management sector accounted for $24.6 billion in GDP in 2020.
- The management industry represents approximately 3.5% of North Carolina's total GDP.
- GDP from management companies has grown by 25% in North Carolina over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) from the management of companies and enterprises sector in the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the economic performance and productivity of the management and professional services industry in North Carolina, which is an important component of the state's overall economic activity.
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 income and product accounting methods.
Q: How is this trend used in economic policy?
A: This economic indicator can inform policy decisions related to the management and professional services industry in North Carolina, as it provides insights into the sector's contribution to the state's overall economic performance.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, with a typical release lag of 2-3 months.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Management of Companies and Enterprises (55) in North Carolina (NCMNGCOENTPRNQGSP), retrieved from FRED.