Chain-Type Quantity Index for Real GDP: Accommodation and Food Services (72) in Missouri
MOACCFDQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.96
Year-over-Year Change
17.14%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Accommodation and Food Services (72) in Missouri measures the inflation-adjusted output of the accommodation and food services industry in the state. This metric is important for economists and policymakers to assess economic activity and productivity in the tourism and hospitality sectors.
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 tracks the real, inflation-adjusted output of the accommodation and food services industry in Missouri over time. This index is a key economic indicator used to understand trends in the state's service sector and consumer-facing businesses.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and industry reporting.
Historical Context
This index provides insights into consumer spending patterns and the health of Missouri's tourism and hospitality markets.
Key Facts
- The index is rebased to 2012 = 100.
- Missouri's accommodation and food services industry accounts for over 4% of the state's GDP.
- The index has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Accommodation and Food Services (72) in Missouri measures the inflation-adjusted output of the accommodation and food services industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for economists and policymakers to assess economic activity and productivity in Missouri's tourism and hospitality sectors.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and industry reporting.
Q: How is this trend used in economic policy?
A: This index provides insights into consumer spending patterns and the health of Missouri's tourism and hospitality markets, which is useful for policymakers and analysts.
Q: Are there update delays or limitations?
A: The data is typically released on a quarterly basis with a brief delay for data collection and processing.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Accommodation and Food Services (72) in Missouri (MOACCFDQGSP), retrieved from FRED.