Gross Domestic Product: Amusement, Gambling, and Recreation Industries (713) in Missouri
MOAMUSENGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,089.70
Year-over-Year Change
40.75%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the amusement, gambling, and recreation industries in the state of Missouri. It provides insights into the performance and economic impact of this sector.
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 MOAMUSENGSP series represents the GDP contribution of the amusement, gambling, and recreation industries in Missouri. This data is used by economists and policymakers to analyze the economic activity and significance of this industry within the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional GDP estimates.
Historical Context
This trend is relevant for understanding the economic health and development of Missouri's leisure and hospitality industry.
Key Facts
- Missouri's amusement, gambling, and recreation GDP was $5.3 billion in 2021.
- This sector accounts for 2.4% of Missouri's total GDP.
- The industry grew 20.5% in 2021 as the economy recovered from the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the amusement, gambling, and recreation industries in the state of Missouri.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the performance and economic significance of Missouri's leisure and hospitality industry, which is important for understanding the state's overall economic health and development.
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: This trend is used by economists and policymakers to analyze the economic activity and importance of the amusement, gambling, and recreation industries in Missouri, which can inform economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically several months after the end of the reporting period, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Amusement, Gambling, and Recreation Industries (713) in Missouri (MOAMUSENGSP), retrieved from FRED.