Chain-Type Quantity Index for Real GDP: Management of Companies and Enterprises (55) in Tennessee
TNMNGCOENTPRQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
161.06
Year-over-Year Change
5.81%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Management of Companies and Enterprises (55) in Tennessee measures the real output of the management of companies and enterprises sector in Tennessee. This metric 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 Chain-Type Quantity Index for Real GDP is a measure of real economic output that adjusts for price changes over time. This index specifically tracks the management of companies and enterprises sector in Tennessee, providing insights into the productivity and growth of this important industry.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and other statistical sources.
Historical Context
This index is used by economists, policymakers, and businesses to analyze trends in Tennessee's economic performance and make informed decisions.
Key Facts
- The index is based on 2012 as the reference year.
- Tennessee's management of companies and enterprises sector accounts for approximately 5% of the state's total GDP.
- The index has shown steady growth over the past decade, indicating a robust and expanding sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real output, or productivity, of the management of companies and enterprises sector in the state of Tennessee.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insights into the performance and growth of a key industry in Tennessee's economy, which is useful for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and other statistical sources.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and businesses use this index to analyze trends in Tennessee's economic performance and make informed decisions.
Q: Are there update delays or limitations?
A: The index is updated quarterly by the U.S. Federal Reserve, with a typical delay of around 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 Tennessee (TNMNGCOENTPRQQGSP), retrieved from FRED.