Chain-Type Quantity Index for Real GDP: Trade (42, 44-45) in Montana
MTTRADEQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.79
Year-over-Year Change
38.16%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Trade (42, 44-45) in Montana is an economic indicator that measures the real output of the trade sector in the state of Montana. It is a key metric for understanding the overall health and growth of the Montana 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 Chain-Type Quantity Index for Real GDP: Trade (42, 44-45) in Montana is a measure of the real output, or inflation-adjusted production, of the trade sector in the state. It is used by economists and policymakers to gauge the performance and trends within this important part of the Montana economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index methodology.
Historical Context
This economic trend is closely monitored by state and federal officials to inform policy decisions and track the overall economic conditions in Montana.
Key Facts
- The trade sector accounts for around 20% of Montana's total GDP.
- The Chain-Type Quantity Index for Real GDP: Trade (42, 44-45) in Montana has seen steady growth over the past decade.
- This economic indicator is released quarterly by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Trade (42, 44-45) in Montana measures the real output or production of the trade sector, which includes wholesale and retail trade, in the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of the overall health and performance of the Montana economy, as the trade sector is a significant component of the state's GDP.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index methodology.
Q: How is this trend used in economic policy?
A: This economic indicator is closely monitored by state and federal officials to inform policy decisions and track the overall economic conditions in Montana.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Economic Analysis, with a typical delay of 2-3 months from the end of the reference period.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Trade (42, 44-45) in Montana (MTTRADEQGSP), retrieved from FRED.