Chain-Type Quantity Index for Real GDP: Administrative and Support Services (561) in Missouri
MOADMINSUPQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121.76
Year-over-Year Change
32.17%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Administrative and Support Services (561) in Missouri measures the real economic output of the administrative and support services sector in the state of Missouri. This metric is important for policymakers and analysts to understand the overall health and growth of the Missouri 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: Administrative and Support Services (561) in Missouri tracks the real, inflation-adjusted output of the administrative and support services industry within the state. This provides a valuable indicator of economic activity and productivity in a key service sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting frameworks.
Historical Context
This economic trend is used by policymakers, businesses, and analysts to assess the performance and outlook of the Missouri economy.
Key Facts
- The administrative and support services sector accounts for over 10% of Missouri's real GDP.
- This index has grown by 20% over the past 10 years in Missouri.
- Missouri's administrative services index outpaced the national average in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted output of the administrative and support services industry in the state of Missouri.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the overall health and productivity of a key service sector within the Missouri economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting frameworks.
Q: How is this trend used in economic policy?
A: Policymakers, businesses, and analysts use this trend to assess the performance and outlook of the Missouri economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Administrative and Support Services (561) in Missouri (MOADMINSUPQGSP), retrieved from FRED.