Real Gross Domestic Product: Petroleum and Coal Products Manufacturing (324) in Montana
MTPETCOALMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,043.90
Year-over-Year Change
12.02%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the petroleum and coal products manufacturing industry in Montana. It provides valuable insights into the productivity and performance of this crucial sector of the state's economy.
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: Petroleum and Coal Products Manufacturing (324) in Montana series tracks the inflation-adjusted output of the petroleum and coal products manufacturing industry in the state. This metric is used by economists and policymakers to assess the health and competitiveness of Montana's energy-related manufacturing activities.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This trend is relevant for understanding Montana's energy industry and its contribution to the state's overall economic performance.
Key Facts
- Montana is a major energy-producing state.
- The petroleum and coal products industry is a significant contributor to the state's economy.
- This trend is a key indicator of the industry's productivity and competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the petroleum and coal products manufacturing industry in the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the productivity and performance of Montana's energy-related manufacturing sector, which is a crucial part of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the health and competitiveness of Montana's energy industry and its contribution to the state's overall economic performance.
Q: Are there update delays or limitations?
A: There may be update delays or limitations inherent in the national economic data collection and reporting processes.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Petroleum and Coal Products Manufacturing (324) in Montana (MTPETCOALMANRGSP), retrieved from FRED.