Real Gross Domestic Product: Administrative and Support and Waste Management and Remediation Services (56) in Montana
MTADMINWASTRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,653.00
Year-over-Year Change
9.29%
Date Range
1/1/2005 - 1/1/2025
Summary
The Real Gross Domestic Product: Administrative and Support and Waste Management and Remediation Services (56) in Montana measures the economic output of this industry 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 economic indicator represents the real, inflation-adjusted GDP contribution from the administrative, support, waste management, and remediation services industry in Montana. It is a key metric used by economists and policymakers to analyze the health and growth of this service-based economic sector.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using surveys and economic models.
Historical Context
This trend provides important context for understanding the broader service economy and business environment in Montana.
Key Facts
- Montana's administrative and waste services GDP was $2.3 billion in 2021.
- This sector accounts for about 4% of Montana's total real GDP.
- The sector has grown by 23% in Montana over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product (GDP) contribution from the administrative, support, waste management, and remediation services industry in Montana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the health and growth of a key service-based sector of the Montana economy, which is valuable information for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using surveys and economic models.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and market analysts to understand the broader business environment and service economy in Montana.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Administrative and Support and Waste Management and Remediation Services (56) in Montana (MTADMINWASTRQGSP), retrieved from FRED.