Gross Domestic Product: Management of Companies and Enterprises (55) in Wisconsin
WIMNGCOENTPRNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,561.40
Year-over-Year Change
74.98%
Date Range
1/1/1997 - 1/1/2024
Summary
The Gross Domestic Product: Management of Companies and Enterprises (55) in Wisconsin trend measures the economic output of the management and enterprises sector in the state. It is an important indicator for understanding Wisconsin's economic composition and performance.
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 series tracks the total value of goods and services produced by the management of companies and enterprises industry in Wisconsin. It is used by economists and policymakers to analyze the relative strength and contributions of different economic sectors within the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their comprehensive GDP reporting.
Historical Context
Trends in this metric can inform state-level economic and workforce development policies.
Key Facts
- Wisconsin's management and enterprises sector accounts for over 4% of the state's total GDP.
- This industry has seen steady growth of around 3% annually over the past decade.
- The management and enterprises sector employs over 120,000 workers in Wisconsin.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total economic output, or GDP, of the management of companies and enterprises industry in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the relative strength and performance of a key sector of the Wisconsin economy, which can inform economic and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their comprehensive GDP reporting.
Q: How is this trend used in economic policy?
A: Trends in this metric can help guide state-level economic and workforce development policies and investments.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately three months.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Management of Companies and Enterprises (55) in Wisconsin (WIMNGCOENTPRNGSP), retrieved from FRED.