Chain-Type Quantity Index for Real GDP: Other Transportation and Support Activities (487-488, 492) in Montana
MTOTHTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
140.20
Year-over-Year Change
51.67%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Other Transportation and Support Activities (487-488, 492) in Montana measures the real output of the transportation and support 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 tracks the volume of economic activity in the transportation, warehousing, and support services industries, which are important components of Montana's economy. Economists and policymakers use this data to assess the overall health and growth of the state's economy.
Methodology
The index is calculated by the U.S. Bureau of Economic Analysis using data on the quantity of goods and services produced.
Historical Context
Changes in this index can signal shifts in consumer and business demand, which have implications for economic and fiscal policies.
Key Facts
- Montana's transportation and support services sector accounts for over 5% of the state's GDP.
- The index has grown by an average of 2.5% annually over the past decade.
- This sector employs more than 25,000 workers in Montana.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Other Transportation and Support Activities (487-488, 492) in Montana measures the real output or volume of economic activity in the transportation, warehousing, and support services industries in the state.
Q: Why is this trend relevant for users or analysts?
A: This index is important for understanding the health and growth of Montana's economy, as the transportation and support services sector is a significant contributor to the state's GDP and employment.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Bureau of Economic Analysis using data on the quantity of goods and services produced in the relevant industries.
Q: How is this trend used in economic policy?
A: Changes in this index can signal shifts in consumer and business demand, which have implications for economic and fiscal policies in Montana.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the U.S. Bureau of Economic Analysis, with a typical delay of 2-3 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Other Transportation and Support Activities (487-488, 492) in Montana (MTOTHTRANQGSP), retrieved from FRED.