Chain-Type Quantity Index for Real GDP: Management of Companies and Enterprises (55) in South Carolina
SCMNGCOENTPRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
163.68
Year-over-Year Change
136.96%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the chain-type quantity index for real GDP in the management of companies and enterprises sector in South Carolina. It provides insights 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 chain-type quantity index for real GDP in the management of companies and enterprises sector is a key indicator of economic activity and productivity in this industry in South Carolina. It is used by economists and policymakers to analyze trends in this sector and its contribution to the state's overall economic performance.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional GDP estimates.
Historical Context
This trend is relevant for understanding the state of the management consulting and enterprise management industry in South Carolina and its role in the broader economy.
Key Facts
- South Carolina's management of companies and enterprises sector accounts for over 5% of the state's total real GDP.
- This sector has experienced steady growth, with the chain-type quantity index increasing by 15% over the past decade.
- The management of companies and enterprises industry is a key driver of professional services employment in South Carolina.
FAQs
Q: What does this economic trend measure?
A: This trend measures the chain-type quantity index for real GDP in the management of companies and enterprises sector in South Carolina. It provides an indicator of productivity and growth in this industry.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the performance and contribution of the management consulting and enterprise management industry to South Carolina's overall economic activity and growth.
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 their regional GDP estimates.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze the state of the management consulting and enterprise management industry in South Carolina and its role in the broader economy.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the U.S. Bureau of Economic Analysis, with a typical delay of 2-3 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Management of Companies and Enterprises (55) in South Carolina (SCMNGCOENTPRQGSP), retrieved from FRED.