Chain-Type Quantity Index for Real GDP: Accommodation and Food Services (72) in Montana
MTACCOMDQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
132.47
Year-over-Year Change
6.73%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Accommodation and Food Services (72) in Montana measures the real output of the accommodation and food services sector in the state.
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 comprehensive measure of the economic activity in Montana's accommodation and food services industry, which is an important component of the state's GDP. It allows economists and policymakers to track trends and changes in this key sector over time.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using chain-type quantity index methods.
Historical Context
This index is used by government agencies, researchers, and businesses to analyze economic conditions and inform policy decisions.
Key Facts
- The index is based on 2012 dollars.
- Montana's accommodation and food services sector accounts for over 8% of the state's GDP.
- The index has shown steady growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This index measures the real output of the accommodation and food services sector in Montana, providing a comprehensive view of activity in this important industry.
Q: Why is this trend relevant for users or analysts?
A: The accommodation and food services sector is a key component of Montana's economy, and this index allows for analysis of trends and changes in this industry over time.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using chain-type quantity index methods.
Q: How is this trend used in economic policy?
A: This index is used by government agencies, researchers, and businesses to analyze economic conditions and inform policy decisions related to the accommodation and food services industry in Montana.
Q: Are there update delays or limitations?
A: The index is updated regularly by the U.S. Bureau of Economic Analysis, but there may be some delay in the availability of the most recent data.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Accommodation and Food Services (72) in Montana (MTACCOMDQQGSP), retrieved from FRED.