Real Gross Domestic Product: Management of Companies and Enterprises (55) in North Dakota
NDMNGCOENTPRRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
850.90
Year-over-Year Change
91.43%
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 Dakota. It provides insight into the economic activity and productivity of this important industry within the state.
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 Dakota series tracks the inflation-adjusted output of the management of companies and enterprises industry in the state. This metric is a key indicator of the sector's economic performance and can inform policy decisions and market analysis.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounts methodologies.
Historical Context
This trend is closely monitored by economists, policymakers, and industry analysts to assess the health and competitiveness of North Dakota's business management sector.
Key Facts
- North Dakota's management of companies and enterprises sector accounts for a significant portion of the state's overall economic output.
- This industry has experienced steady growth in recent years, contributing to the state's economic prosperity.
- The real GDP metric adjusts for inflation, providing a more accurate picture of the sector's productivity over time.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) 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: This trend provides valuable insights into the economic performance and productivity of an important industry within North Dakota, informing policy decisions and market analysis.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounts methodologies.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists, policymakers, and industry analysts to assess the health and competitiveness of North Dakota's business management sector, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the standard update schedule and limitations of the U.S. Bureau of Economic Analysis's national accounts reporting.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Management of Companies and Enterprises (55) in North Dakota (NDMNGCOENTPRRGSP), retrieved from FRED.