Real Gross Domestic Product: Management of Companies and Enterprises (55) in North Dakota
NDMNGCOENTPRRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
844.40
Year-over-Year Change
25.34%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the real gross domestic product (GDP) of the management of companies and enterprises industry in North Dakota. It is a key indicator of economic activity and productivity in 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 sector in the state. This data is used by economists and policymakers to assess the health and growth of this important industry within the North Dakota economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established GDP accounting methods.
Historical Context
This industry-level GDP data is relevant for understanding the economic performance and policy implications in North Dakota.
Key Facts
- North Dakota's management of companies and enterprises sector accounted for $1.1 billion in real GDP in 2021.
- This industry's real GDP grew by 7.4% in North Dakota from 2020 to 2021.
- The management of companies and enterprises sector represents about 2.3% of North Dakota's total real GDP.
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 industry in the state of North Dakota.
Q: Why is this trend relevant for users or analysts?
A: This industry-level GDP data is important for understanding the economic performance and policy implications within the North Dakota economy.
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 GDP accounting methods.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to assess the health and growth of the management of companies and enterprises sector in North Dakota.
Q: Are there update delays or limitations?
A: There may be lags in data availability, as this series is updated periodically by the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Management of Companies and Enterprises (55) in North Dakota (NDMNGCOENTPRRQGSP), retrieved from FRED.