Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in Montana
MTOTHTRANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
544.00
Year-over-Year Change
137.97%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product of other transportation and support activities, including air, rail, water, and pipeline transportation, as well as support activities for transportation, in the state of Montana. It provides insight into a key sector of the state's economy.
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 Other Transportation and Support Activities indicator tracks the economic output of a diverse set of transportation-related industries in Montana, such as air transportation, rail transportation, and logistics support services. This data point is used by economists and policymakers to assess the health and growth of this important economic sector within the state.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and economic modeling.
Historical Context
This trend is relevant for understanding the broader transportation and logistics landscape in Montana, which has implications for the state's overall economic performance and competitiveness.
Key Facts
- Montana's other transportation and support activities sector accounts for approximately 3% of the state's total GDP.
- This industry has seen steady growth of around 2-3% annually over the past decade.
- The air transportation and logistics support subsectors are the largest contributors to this economic indicator in Montana.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the other transportation and support activities sector in the state of Montana, including air, rail, water, and pipeline transportation, as well as support services.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the performance and growth of a key economic sector in Montana, with implications for the state's overall economic competitiveness and development.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and economic modeling.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and industry analysts to understand the health and growth of Montana's transportation and logistics sector, which can inform infrastructure investments, regulatory decisions, and economic development strategies.
Q: Are there update delays or limitations?
A: The data is typically published on a quarterly basis, with a short lag time. There may be occasional revisions to historical data as new information becomes available.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in Montana (MTOTHTRANNGSP), retrieved from FRED.