Gross Domestic Product: Educational Services (61) in Missouri
MOEDCATNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,121.60
Year-over-Year Change
37.15%
Date Range
1/1/1997 - 1/1/2024
Summary
The Gross Domestic Product (GDP) for Educational Services (61) in Missouri measures the economic output of this industry in the state. It is a key indicator of the health and growth of Missouri's education 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
This series represents the value added by the Educational Services (NAICS 61) industry to Missouri's overall GDP. It captures the economic contribution of educational activities, including public and private schools, colleges, universities, and other training programs.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their state-level GDP by industry estimates.
Historical Context
Policymakers and analysts use this metric to assess the economic importance of Missouri's education sector and track its performance over time.
Key Facts
- Missouri's Educational Services GDP was $10.7 billion in 2021.
- This industry accounts for 3.2% of the state's total economic output.
- Educational Services GDP in Missouri grew by 4.9% from 2020 to 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Gross Domestic Product (GDP) for the Educational Services (NAICS 61) industry in the state of Missouri.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the economic contribution and performance of Missouri's education sector, which is a key driver of the state's overall economic growth.
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 state-level GDP by industry estimates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the importance of the education industry to Missouri's economy and inform policy decisions related to education funding, workforce development, and economic growth strategies.
Q: Are there update delays or limitations?
A: The data is typically released with a lag of several months, and may be subject to revisions as more complete information becomes available.
Related Trends
Total Deposits in Commercial Member Banks in Missouri
X08TDCBMBTMO
Commercial Carbon Dioxide Emissions, Distillate Fuel for Missouri
EMISSCO2VDFCCBMOA
All Employees: Repair and Maintenance in Missouri
SMU29000008081100001A
All Employees: Education and Health Services: Hospitals in Missouri
SMU29000006562200001SA
Gross Domestic Product: Transit and Ground Passenger Transportation (485) in Missouri
MOTRANGRNDTRANNGSP
Number of Identified Exporters to San Marino from Missouri
MOSMRA475SCEN
Citation
U.S. Federal Reserve, Gross Domestic Product: Educational Services (61) in Missouri (MOEDCATNGSP), retrieved from FRED.