Chain-Type Quantity Index for Real GDP: Management of Companies and Enterprises (55) in Arizona
AZMNGCOENTPRQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
208.43
Year-over-Year Change
17.47%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Management of Companies and Enterprises (55) in Arizona measures the real output of the management and enterprise sector in the state's economy. This metric is important for economists and policymakers to assess the health and productivity 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
This index provides a measure of the real, inflation-adjusted output of the management and enterprise sector in Arizona. It allows for analysis of the sector's contribution to the state's overall economic growth and productivity trends.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic models.
Historical Context
This metric is used by analysts and policymakers to monitor the performance of the management and enterprise industry and its impact on the broader Arizona economy.
Key Facts
- Arizona's management and enterprise sector accounts for 5.2% of the state's total GDP.
- The index has grown by 12.4% over the past 5 years.
- This industry employs over 100,000 workers in Arizona.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted output of the management and enterprise sector in the Arizona economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing the health and productivity of a key industry in Arizona, which can provide insights into the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic models.
Q: How is this trend used in economic policy?
A: This trend is used by analysts and policymakers to monitor the performance of the management and enterprise industry and its impact on the broader Arizona economy.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the U.S. Bureau of Economic Analysis, with a typical 2-month delay between the end of the reference period and the release of the data.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Management of Companies and Enterprises (55) in Arizona (AZMNGCOENTPRQQGSP), retrieved from FRED.