Chain-Type Quantity Index for Real GDP: Management of Companies and Enterprises (55) in Wisconsin
WIMNGCOENTPRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
129.60
Year-over-Year Change
82.37%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Management of Companies and Enterprises (55) in Wisconsin measures the real output of the management of companies and enterprises sector in the state of Wisconsin. This trend is an important indicator of economic activity and productivity in 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 Chain-Type Quantity Index for Real GDP tracks the real output or production volume of specific industries or sectors within a state's economy. This measure adjusts for price changes over time to provide a more accurate picture of actual output growth or decline.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology.
Historical Context
This index is used by economists and policymakers to analyze Wisconsin's economic performance and make informed decisions.
Key Facts
- The base year for this index is 2012.
- This sector accounts for approximately 2% of Wisconsin's total GDP.
- The index has increased by 10% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real output or production volume of the management of companies and enterprises sector in the state of Wisconsin, adjusted for price changes over time.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of economic activity and productivity in Wisconsin's management of companies and enterprises sector, which is a key part of the state's overall economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this index to analyze Wisconsin's economic performance and make informed decisions about policy and investment in the state.
Q: Are there update delays or limitations?
A: The data is updated 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, Chain-Type Quantity Index for Real GDP: Management of Companies and Enterprises (55) in Wisconsin (WIMNGCOENTPRQGSP), retrieved from FRED.