Real Gross Domestic Product: Educational Services (61) in Montana
MTEDCATRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
336.70
Year-over-Year Change
33.61%
Date Range
1/1/1997 - 1/1/2024
Summary
This trend measures the real gross domestic product (GDP) for the educational services industry in Montana. It is an important indicator of economic activity and productivity in the state's education sector.
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 Real Gross Domestic Product: Educational Services (61) in Montana represents the inflation-adjusted value of goods and services produced by the educational services industry in the state. This metric is used by economists and policymakers to analyze the performance and contribution of the education sector to Montana's overall economic growth.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-level GDP figures.
Historical Context
This trend provides insights into the education industry's economic impact, which can inform policy decisions and investments.
Key Facts
- Montana's educational services industry accounts for approximately 4% of the state's total GDP.
- The real GDP for educational services in Montana has grown by an average of 2.5% annually over the past decade.
- The educational services sector is one of the largest and most stable contributors to Montana's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) for the educational services industry in the state of Montana, providing insights into the economic performance and productivity of the education sector.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for economists, policymakers, and analysts as it offers insights into the contribution of the education industry to Montana's overall economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-level GDP figures.
Q: How is this trend used in economic policy?
A: This trend can inform economic and education policy decisions, as well as investments in the education sector, by providing insights into the industry's economic impact and performance.
Q: Are there update delays or limitations?
A: The data is typically released with a lag of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Educational Services (61) in Montana (MTEDCATRGSP), retrieved from FRED.