Chain-Type Quantity Index for Real GDP: Arts, Entertainment, and Recreation (71) in Missouri
MOARTENTRECQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
126.39
Year-over-Year Change
13.39%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Arts, Entertainment, and Recreation (71) in Missouri measures the real output of the arts, entertainment, and recreation sector 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
This index provides a comprehensive measure of the economic activity and productivity of the arts, entertainment, and recreation industry in Missouri. It is a valuable indicator for policymakers and economists tracking the performance of this key service sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using state-level GDP accounting methods.
Historical Context
This trend is widely used to assess the health and growth of Missouri's creative economy and tourism industry.
Key Facts
- Missouri's arts and entertainment sector accounts for over 4% of state GDP.
- The index has grown by 20% over the past decade.
- This industry employs over 100,000 workers in Missouri.
FAQs
Q: What does this economic trend measure?
A: This index measures the real (inflation-adjusted) output of the arts, entertainment, and recreation industry in the state of Missouri.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the performance and productivity of Missouri's creative economy, which is a key driver of economic growth and tourism in the state.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using state-level GDP accounting methods.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to track the health and growth of Missouri's arts, entertainment, and recreation sector, which informs decisions around economic development, tourism promotion, and cultural investments.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical 2-3 month lag. There may be revisions to previous quarters as more complete information becomes available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Arts, Entertainment, and Recreation (71) in Missouri (MOARTENTRECQGSP), retrieved from FRED.