Chain-Type Quantity Index for Real GDP: Real Estate (531) in Montana
MTREALQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
126.09
Year-over-Year Change
27.84%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Real Estate (531) in Montana measures the inflation-adjusted economic output of the real estate sector in Montana. This is a key indicator of the health and activity of the state's real estate industry.
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 is a measure of real GDP, adjusting for the effects of inflation to provide a more accurate representation of economic growth. The real estate (531) sector specifically covers activities related to real property, such as rental, leasing, and management.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This index is used by economists, policymakers, and real estate analysts to assess the performance and trends in Montana's real estate industry.
Key Facts
- Montana's real estate sector accounts for over 10% of the state's GDP.
- The index has shown steady growth in recent years, indicating a healthy real estate market.
- Real estate is a major driver of economic activity and employment in Montana.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Real Estate (531) in Montana measures the inflation-adjusted economic output of the real estate sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of the health and performance of Montana's real estate industry, which is a significant driver 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 index is used by economists, policymakers, and real estate analysts to assess the performance and trends in Montana's real estate industry, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Economic Analysis, with a typical 2-3 month delay from the end of the reference period.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Real Estate (531) in Montana (MTREALQGSP), retrieved from FRED.