Real Gross Domestic Product: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in Montana
MTRENTRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
766.70
Year-over-Year Change
52.36%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) of the rental and leasing services and lessors of nonfinancial intangible assets industry in Montana. It is an important indicator of economic activity and investment in this 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: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in Montana represents the inflation-adjusted economic output of this industry within the state. It is used by economists and policymakers to analyze trends in capital investment, business operations, and the overall health of Montana's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using national income and product accounts.
Historical Context
This trend is relevant for understanding the state of Montana's commercial real estate, equipment leasing, and intellectual property markets.
Key Facts
- Montana's real GDP for rental and leasing services was $1.71 billion in 2021.
- This sector accounts for 2.5% of Montana's total real GDP.
- The industry has seen 3.2% average annual growth over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the rental and leasing services and lessors of nonfinancial intangible assets industry in the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding investment, business activity, and the overall economic health of Montana's rental, leasing, and intellectual property markets.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using national income and product accounts.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze trends in commercial real estate, equipment leasing, and intellectual property markets in Montana.
Q: Are there update delays or limitations?
A: The data is published with a lag of several quarters, so there may be delays in observing the most recent economic conditions.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in Montana (MTRENTRGSP), retrieved from FRED.