Chain-Type Quantity Index for Real GDP: Educational Services, Health Care, and Social Assistance (61, 62) in Montana
MTEDHLTHSOCASSQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
122.41
Year-over-Year Change
49.17%
Date Range
1/1/1997 - 1/1/2024
Summary
This index measures the real GDP of the educational services, healthcare, and social assistance sectors in Montana. It provides insights into the economic performance of these vital industries and can inform policy decisions.
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 Chain-Type Quantity Index for Real GDP: Educational Services, Health Care, and Social Assistance (61, 62) in Montana is a composite indicator that tracks the volume of economic activity in these key service sectors. It is used to analyze trends, identify growth patterns, and evaluate the contributions of these industries to the state's overall economic growth.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using the chain-type quantity index methodology.
Historical Context
This trend is relevant for policymakers, economists, and industry analysts seeking to understand the economic dynamics and drivers within Montana's education, healthcare, and social assistance sectors.
Key Facts
- The index uses 2012 as the base year.
- This sector accounts for over 20% of Montana's GDP.
- The index has grown by 15% since 2015.
FAQs
Q: What does this economic trend measure?
A: This index measures the real GDP of the educational services, healthcare, and social assistance sectors in Montana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the economic performance of these vital industries, which can inform policy decisions and business strategies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using the chain-type quantity index methodology.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers, economists, and industry analysts seeking to understand the economic dynamics and drivers within Montana's education, healthcare, and social assistance sectors.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, but may be subject to revisions and update delays.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Educational Services, Health Care, and Social Assistance (61, 62) in Montana (MTEDHLTHSOCASSQGSP), retrieved from FRED.