Real Gross Domestic Product: All Industry Total in Montana
MTRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58,259.30
Year-over-Year Change
3.62%
Date Range
1/1/2005 - 1/1/2025
Summary
The Real Gross Domestic Product: All Industry Total in Montana measures the total economic output of all industries in the state, adjusted for inflation. This trend is a key indicator of Montana's overall economic health and performance.
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: All Industry Total in Montana represents the total value of goods and services produced within the state, excluding the effects of price changes. It is used by economists and policymakers to assess the state's economic growth, identify industry trends, and inform policy decisions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using surveys and other economic indicators.
Historical Context
Trends in Montana's real GDP are closely monitored by businesses, investors, and government agencies to understand the state's economic conditions and outlook.
Key Facts
- Montana's real GDP reached a record high of $56.5 billion in 2019.
- The state's real GDP grew by 2.7% in 2018, outpacing the national average.
- The trade, transportation, and utilities sector accounts for the largest share of Montana's real GDP.
FAQs
Q: What does this economic trend measure?
A: The Real Gross Domestic Product: All Industry Total in Montana measures the total economic output of all industries in the state, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: Trends in Montana's real GDP are closely monitored by businesses, investors, and government agencies to understand the state's economic conditions and outlook.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using surveys and other economic indicators.
Q: How is this trend used in economic policy?
A: Policymakers use Montana's real GDP data to assess the state's economic growth, identify industry trends, and inform policy decisions.
Q: Are there update delays or limitations?
A: The real GDP data for Montana is typically released with a 2-3 month delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: All Industry Total in Montana (MTRQGSP), retrieved from FRED.