Choose and compare among three alternative measures: Employment, Earnings and Average Earnings Per Job. To offer the most comprehensive set of interactive options in support of your research, MT-REAP calculates and crunches most of the data and generates the narrative and graphic analysis on demand in response to your request. Gross Domestic Product (GDP) by State, Units:  The cornerstone of the Montana Regional Economic Analysis Project is the annual data compiled by the Regional Income Division and Regional Product Division of the Bureau of Economic Analysis (BEA), U.S. Department of Commerce encompassing more than 5 decades--from 1969 to 2018. One Federal Reserve Bank Plaza, Location quotients help you diagnose and identify those industries where economic activity is most concentrated. retrieved from FRED, Individual industry growth rates are benchmarked against the overall average, and to their counterparts nationally, to guide you in pinpointing those industries that have led, and those that have lagged. Montana economy is a set of human and social activities and institutions related to the production, distribution, exchange and consumption of agriculture and industry goods and services. Annual. Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/MTNQGSP, Regional Data > States > Montana. With the many reasons to visit Montana year-round, it’s no wonder the tourism industry is so important to our state’s economy. For more information about this release go to http://www.bea.gov/newsreleases/regional/gdp_state/qgsp_newsrelease.htm. **. Pacific Northwest Regional Economic Analysis Project (PNREAP), Agriculture, forestry, fishing, and hunting, Finance, insurance, real estate, rental, and leasing, Educational services, health care, and social assistance, Arts, entertainment, recreation, accommodation, and food services. September 24, 2020. St. Louis, MO 63102, http://www.bea.gov/newsreleases/regional/gdp_state/qgsp_newsrelease.htm, More St. Louis, MO 63102, http://www.bea.gov/newsreleases/regional/gdp_state/qgsp_newsrelease.htm, More Releases from U.S. Bureau of Economic Analysis, More Categories > U.S. Data in this graph are copyrighted. Categories > U.S. This can not be undone. ** Please Note: This site uses JavaScript and scripting is currently disabled or not available on your browser. Real Montana GDP, at $41.030 bn in 2016, is at the highest level recorded to date. Barkey said that until recent developments Montana was looking at another year of economic growth, despite the troubles with the coal industry, but now little is certain aside from the imminent arrival of a recession. U.S. Bureau of Economic Analysis, Trends in Montana Real GDP. Are you sure you want to remove this series from the graph? Data extracted on: September 11, 2020 Source: U.S. Bureau of Labor Statistics Note: More data series, including additional geographic areas, are available through the "Databases & Tables" tab at the top of this page. Are you sure you want to remove this series from the graph? Analyze and investigate Montana's industry structure and performance of any county economy over 2001-2018. Gross Domestic Product by Industry: Private Industries: Construction for Montana This can not be undone. Just a few more seconds....Your request has been generated and is now loading the results.