Chain-Type Quantity Index for Real GDP: Management of Companies and Enterprises (55) in Oregon
ORMNGCOENTPRQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
144.87
Year-over-Year Change
0.65%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Management of Companies and Enterprises (55) in Oregon measures the volume of economic output in this sector. It is a key indicator for understanding the state's economic performance and growth.
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 tracks changes in the real output of the management of companies and enterprises industry in Oregon. It is a useful metric for evaluating the economic contribution and productivity trends within this important business services sector.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using state-level GDP statistics.
Historical Context
Policymakers and analysts monitor this index to gauge the health and trajectory of Oregon's economy.
Key Facts
- This index uses 2012 as the base year.
- The sector accounts for over 4% of Oregon's total GDP.
- The index reached a record high in 2020.
FAQs
Q: What does this economic trend measure?
A: This index measures the real output or production volume of the management of companies and enterprises industry in the state of Oregon.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the performance and contribution of an important business services sector within Oregon's economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using state-level GDP statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this index to assess the health and trajectory of Oregon's economy, which can inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Management of Companies and Enterprises (55) in Oregon (ORMNGCOENTPRQQGSP), retrieved from FRED.