Gross Domestic Product: Management of Companies and Enterprises (55) in the Southeast BEA Region
SESTMNGCOENTPRNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119,530.70
Year-over-Year Change
94.45%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the gross domestic product (GDP) contribution of the management of companies and enterprises sector in the Southeast Bureau of Economic Analysis (BEA) region. It is a key indicator of economic activity and productivity in this important industry.
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 Gross Domestic Product: Management of Companies and Enterprises (55) in the Southeast BEA Region series tracks the value-added output of the management of companies and enterprises industry within the broader Southeast regional economy. This metric is used by economists and policymakers to assess the relative strength and growth of this sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional GDP estimates.
Historical Context
Trends in this series are relevant for understanding the performance and competitiveness of the management consulting and corporate administration industries in the Southeast.
Key Facts
- The Southeast BEA region includes Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia.
- The management of companies and enterprises sector accounts for around 5% of total GDP in the Southeast region.
- This industry includes establishments that hold the securities of companies and enterprises for the purpose of owning a controlling interest or influencing management decisions.
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 Southeast Bureau of Economic Analysis (BEA) region.
Q: Why is this trend relevant for users or analysts?
A: This metric is used by economists and policymakers to assess the relative strength and growth of the management consulting and corporate administration industries in the Southeast.
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: Trends in this series are relevant for understanding the performance and competitiveness of the management consulting and corporate administration industries, which are important for the broader Southeast regional economy.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule by the U.S. Bureau of Economic Analysis, but there may be typical release lags of several months.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Management of Companies and Enterprises (55) in the Southeast BEA Region (SESTMNGCOENTPRNGSP), retrieved from FRED.