Real Gross Domestic Product: Amusement, Gambling, and Recreation Industries (713) in Montana
MTAMUSERGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
493.50
Year-over-Year Change
19.40%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) of the amusement, gambling, and recreation industries in Montana. It provides insight into the economic performance of this important 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: Amusement, Gambling, and Recreation Industries (713) in Montana is a key indicator of the overall health and productivity of this segment of the state's economy. It tracks the inflation-adjusted value added by these industries to Montana's GDP.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using production, sales, and other economic indicators.
Historical Context
This trend is relevant for understanding Montana's tourism industry and informing economic development policies.
Key Facts
- Montana's amusement, gambling, and recreation industries contributed over $1 billion to state GDP in 2021.
- This sector grew by 8.2% in real terms from 2020 to 2021.
- Tourism is a major driver of Montana's economy, accounting for over 10% of state GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product (GDP) contributed by the amusement, gambling, and recreation industries in Montana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the economic performance and productivity of Montana's important tourism and recreation sector, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using production, sales, and other economic indicators.
Q: How is this trend used in economic policy?
A: This trend informs economic development policies and strategies related to Montana's tourism and recreation industries.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Amusement, Gambling, and Recreation Industries (713) in Montana (MTAMUSERGSP), retrieved from FRED.