Real Gross Domestic Product: Management of Companies and Enterprises (55) in Colorado
COMNGCOENTPRRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,619.80
Year-over-Year Change
7.32%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the real gross domestic product (GDP) for the management of companies and enterprises industry in Colorado. It provides insight into the economic activity and productivity of this key 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
The Real Gross Domestic Product: Management of Companies and Enterprises (55) in Colorado series tracks the inflation-adjusted value of goods and services produced by the management of companies and enterprises industry in the state. This metric is widely used by economists and policymakers to assess the health and performance of the broader Colorado economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national income and product accounts (NIPA) methodology.
Historical Context
This economic indicator is closely monitored by businesses, investors, and government officials to understand the state's economic landscape and inform policy decisions.
Key Facts
- Colorado's management of companies and enterprises industry accounts for 3.2% of the state's total GDP.
- This sector has grown at an average annual rate of 2.5% over the past decade.
- The COVID-19 pandemic caused a 4.1% decline in real GDP for this industry in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) for the management of companies and enterprises industry in Colorado. It provides insight into the economic activity and productivity of this key sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to assess the health and performance of the broader Colorado economy, as the management of companies and enterprises industry is a significant contributor to the state's GDP.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national income and product accounts (NIPA) methodology.
Q: How is this trend used in economic policy?
A: This economic indicator is closely monitored by businesses, investors, and government officials to understand the state's economic landscape and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions by the Bureau of Economic Analysis, and there may be publication delays of several months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Management of Companies and Enterprises (55) in Colorado (COMNGCOENTPRRQGSP), retrieved from FRED.