Gross Domestic Product: Management of Companies and Enterprises (55) in North Dakota
NDMNGCOENTPRNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
886.90
Year-over-Year Change
42.43%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the gross domestic product (GDP) contribution of the management of companies and enterprises sector in North Dakota. It provides insights into the relative size and importance of this 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 management of companies and enterprises sector encompasses businesses that oversee and manage other companies, including holding companies and corporate, subsidiary, and regional managing offices. Analyzing this GDP trend helps policymakers and economists understand the economic structure and competitiveness of North Dakota's business environment.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its comprehensive GDP by state program.
Historical Context
This metric is used to inform economic development strategies and assess the competitive position of North Dakota's business climate.
Key Facts
- North Dakota's management of companies and enterprises sector accounts for approximately 3% of the state's total GDP.
- This industry has experienced steady growth over the past decade, outpacing the overall state economy.
- The management of companies and enterprises sector is an important driver of North Dakota's business services ecosystem.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) contribution of the management of companies and enterprises sector in the state of North Dakota.
Q: Why is this trend relevant for users or analysts?
A: Analyzing this GDP trend provides insights into the relative size and importance of the management of companies and enterprises industry within North Dakota's economy, which is useful for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its comprehensive GDP by state program.
Q: How is this trend used in economic policy?
A: This metric is used to inform economic development strategies and assess the competitive position of North Dakota's business climate.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Bureau of Economic Analysis, with minimal delays, providing timely insights into this industry's performance.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Management of Companies and Enterprises (55) in North Dakota (NDMNGCOENTPRNQGSP), retrieved from FRED.