Real Gross Domestic Product: Management of Companies and Enterprises (55) in Massachusetts
MAMNGCOENTPRRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16,864.60
Year-over-Year Change
72.34%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the real gross domestic product (GDP) of the management of companies and enterprises industry in Massachusetts. It provides insights into the productivity and growth of this important sector within the state's economy.
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 Massachusetts series tracks the inflation-adjusted value-added output of the management of companies and enterprises industry in the state. This metric is used by economists and policymakers to analyze the competitive position and economic contributions of this industry within Massachusetts.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This trend is relevant for understanding the health and competitiveness of Massachusetts' business management sector, which has implications for the state's overall economic performance and policy decisions.
Key Facts
- Massachusetts accounts for 3.4% of U.S. GDP.
- The management of companies industry represents 3.2% of Massachusetts' GDP.
- Real GDP in this sector grew by 2.1% in the last year.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product (GDP) of the management of companies and enterprises industry in the state of Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the productivity and growth of an important sector within the Massachusetts economy, which is valuable information for economists, policymakers, and business analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze the competitive position and economic contributions of the management of companies and enterprises industry in Massachusetts, which can inform relevant economic policies and decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, so there may be a short delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Management of Companies and Enterprises (55) in Massachusetts (MAMNGCOENTPRRGSP), retrieved from FRED.