Real Gross Domestic Product: Management of Companies and Enterprises (55) in Pennsylvania
PAMNGCOENTPRRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34,102.70
Year-over-Year Change
13.25%
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 sector in Pennsylvania. It provides insights into the performance and contribution of this industry to the state's overall economic activity.
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 Pennsylvania series represents the inflation-adjusted value added by the management of companies and enterprises sector in the state. This metric is used by economists and policymakers to analyze the productivity and growth dynamics of this specific industry within Pennsylvania's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of their comprehensive economic accounts for the United States.
Historical Context
This trend is relevant for understanding the economic conditions and competitiveness of Pennsylvania's business management sector, which can inform investment decisions and policy discussions.
Key Facts
- Pennsylvania's management of companies and enterprises sector accounts for a significant portion of the state's GDP.
- This industry has experienced steady growth in recent years, outpacing the overall state economy.
- The performance of this sector is closely watched by policymakers and business leaders in Pennsylvania.
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 Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the productivity and growth dynamics of Pennsylvania's management of companies and enterprises sector, which is an important contributor to the state's overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of their comprehensive economic accounts for the United States.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze the competitiveness and performance of Pennsylvania's business management sector, which can inform investment decisions and policy discussions.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedule and potential revisions as other BEA economic statistics, which may result in occasional delays or minor changes to the historical series.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Management of Companies and Enterprises (55) in Pennsylvania (PAMNGCOENTPRRQGSP), retrieved from FRED.