Chain-Type Quantity Index for Real GDP: Management of Companies and Enterprises (55) in Oregon
ORMNGCOENTPRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
148.82
Year-over-Year Change
216.82%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Management of Companies and Enterprises (55) in Oregon measures the real output of the management of companies and enterprises sector in the state. This metric is crucial for policymakers and economists to assess the health and productivity of this key industry.
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 Chain-Type Quantity Index tracks changes in the real (inflation-adjusted) output of the management of companies and enterprises industry in Oregon. This provides insight into the sector's economic performance and its contribution to the state's overall GDP.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting methodologies.
Historical Context
Trends in this index are closely monitored by policymakers and analysts to gauge the strength of Oregon's business management and administration activities.
Key Facts
- The management of companies and enterprises sector accounts for around 4% of Oregon's total GDP.
- This index has shown steady growth over the past decade, reflecting the state's vibrant business services industry.
- Trends in this metric help policymakers assess the broader economic health of Oregon's professional and technical services sector.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Management of Companies and Enterprises (55) in Oregon measures the real output of the management of companies and enterprises sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insight into the performance and productivity of Oregon's business services industry, which is an important component of the state's overall economic activity.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting methodologies.
Q: How is this trend used in economic policy?
A: Trends in this index are closely monitored by policymakers and analysts to gauge the strength of Oregon's business management and administration activities, which inform broader economic policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and revision processes of the U.S. Bureau of Economic Analysis, which may result in occasional update delays or minor revisions over time.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Management of Companies and Enterprises (55) in Oregon (ORMNGCOENTPRQGSP), retrieved from FRED.