Real Gross Domestic Product: Management of Companies and Enterprises (55) in North Carolina
NCMNGCOENTPRRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,629.30
Year-over-Year Change
63.10%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the real gross domestic product (GDP) of the management of companies and enterprises sector in North Carolina. It provides insight into the productivity and growth of this important industry within 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: Management of Companies and Enterprises (55) in North Carolina series tracks the inflation-adjusted value-added output of establishments that oversee and manage other companies. This metric is a key indicator of economic performance and can inform policy decisions related to business investment and growth.
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 closely watched by policymakers, investors, and economic analysts to assess the health and competitiveness of North Carolina's business services sector.
Key Facts
- North Carolina is a leading hub for the management of companies and enterprises sector.
- This industry accounts for over 5% of the state's total GDP.
- The sector has seen steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product (GDP) of the management of companies and enterprises sector in the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the productivity and economic contribution of a key industry within North Carolina, helping policymakers and businesses assess the state's competitiveness.
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: This trend is closely watched by policymakers, investors, and economic analysts to assess the health and growth of North Carolina's business services sector, which informs decisions around economic development and investment.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical release lag of 2-3 months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Management of Companies and Enterprises (55) in North Carolina (NCMNGCOENTPRRGSP), retrieved from FRED.