Chain-Type Quantity Index for Real GDP: Wholesale Trade (42) in Montana
MTWHOLEQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.83
Year-over-Year Change
21.54%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Wholesale Trade (42) in Montana measures the volume of economic activity in the wholesale trade sector of Montana's economy. This metric is important for economists and policymakers to gauge the health and growth of this key industry.
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 tracks changes in the real, inflation-adjusted volume of wholesale trade activity in Montana over time. It provides a quantitative measure of the sector's economic performance that is adjusted for price changes, allowing for more accurate analysis of underlying trends.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting methodologies.
Historical Context
This index is utilized by economists, businesses, and policymakers to monitor and understand the dynamics of Montana's wholesale trade industry and its broader economic implications.
Key Facts
- Montana's wholesale trade sector accounts for over 5% of the state's GDP.
- The Chain-Type Quantity Index uses 2012 as the base year.
- This metric is released quarterly by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Wholesale Trade (42) in Montana measures the real, inflation-adjusted volume of economic activity in the wholesale trade sector of the state's economy.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a quantitative measure of the performance and growth of Montana's wholesale trade industry, which is an important component of the state's overall economic activity.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting methodologies.
Q: How is this trend used in economic policy?
A: Economists, businesses, and policymakers utilize this index to monitor and understand the dynamics of Montana's wholesale trade sector and its broader economic implications.
Q: Are there update delays or limitations?
A: This metric is released quarterly by the U.S. Bureau of Economic Analysis, so there may be a short delay between the end of the reporting period and the public release of the data.
Related Trends
Average Duration (in Quarters) from Business Application to Formation Within Four Quarters: Total for All NAICS in Montana
BFDUR4QTOTALNSAMT
Residential Carbon Dioxide Emissions, Kerosene for Montana
EMISSCO2VKSRCBMTA
Number of Noninsured Nonmember Commercial Banks in Montana
X08CBNMBNIMT
All Employees: Health Care: Ambulatory Health Care Services in Montana
SMU30000006562100001A
Median Household Income in Montana
MEHOINUSMTA646N
Chain-Type Quantity Index for Real GDP: Educational Services, Health Care, and Social Assistance (61, 62) in Montana
MTEDHLTHSOCASSQGSP
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Wholesale Trade (42) in Montana (MTWHOLEQGSP), retrieved from FRED.