Real Gross Domestic Product: Printing and Related Support Activities (323) in Montana
MTPRNTRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
76.90
Year-over-Year Change
55.04%
Date Range
1/1/1997 - 1/1/2023
Summary
The Real Gross Domestic Product: Printing and Related Support Activities (323) in Montana measures the economic output of this industry in the state. It is an important metric for understanding the health and growth of Montana's printing 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
This series tracks the real, inflation-adjusted value added by the printing and related support activities industry in Montana. It provides insight into the productivity and competitiveness of this key manufacturing segment within the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their state-level GDP by industry estimates.
Historical Context
Policymakers and industry analysts use this metric to evaluate the performance and competitiveness of Montana's printing industry relative to national trends and other states.
Key Facts
- Montana's printing industry accounts for over 2% of the state's total GDP.
- Real GDP in this sector grew by 3.5% in 2021 after declining in 2020.
- Printing and related activities employ over 3,000 workers in Montana.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted value added by the printing and related support activities industry in the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the productivity, competitiveness, and growth of a key manufacturing sector within Montana's economy.
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 state-level GDP by industry estimates.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this metric to evaluate the performance of Montana's printing industry and inform decisions related to economic development, workforce, and industry support policies.
Q: Are there update delays or limitations?
A: This data is typically published with a 1-2 year lag, so the most recent figures may not reflect the current state of the industry.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Printing and Related Support Activities (323) in Montana (MTPRNTRGSP), retrieved from FRED.