Chain-Type Quantity Index for Real GDP: Management of Companies and Enterprises (55) in Arizona
AZMNGCOENTPRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
208.35
Year-over-Year Change
189.12%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Management of Companies and Enterprises (55) in Arizona measures the real economic output of the management industry in Arizona, adjusted for inflation. This metric is important for economists and policymakers to assess the health and growth of this key service 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 index represents the inflation-adjusted quantity of goods and services produced by companies primarily engaged in managing other organizations and enterprises within the state of Arizona. It is a valuable indicator of economic activity and productivity in the management industry.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on surveys and economic modeling.
Historical Context
This index helps inform policy decisions and business strategies related to the management industry in Arizona.
Key Facts
- This index is published quarterly by the U.S. Bureau of Economic Analysis.
- The base year for the index is 2012.
- Arizona's management sector accounts for approximately 3% of the state's total real GDP.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the management of companies and enterprises sector in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the productivity and economic health of a key service industry in Arizona, which is valuable for businesses, policymakers, and economic researchers.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on surveys and economic modeling.
Q: How is this trend used in economic policy?
A: This index helps inform policy decisions and business strategies related to the management industry in Arizona.
Q: Are there update delays or limitations?
A: The index is published quarterly, with a delay of several months after the end of the reference period.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Management of Companies and Enterprises (55) in Arizona (AZMNGCOENTPRQGSP), retrieved from FRED.