Real Gross Domestic Product: Educational Services (61) in Missouri
MOEDCATRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,162.40
Year-over-Year Change
-2.62%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the real gross domestic product (GDP) for the educational services industry in Missouri. It provides valuable insights into the economic performance and growth of this key sector within 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
The Real Gross Domestic Product: Educational Services (61) in Missouri is an important economic indicator that tracks the inflation-adjusted output of the educational services industry in the state. It helps policymakers and analysts assess the overall health and contribution of this sector to Missouri's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using national income and product accounts methodology.
Historical Context
This trend is widely used by economists, policymakers, and industry stakeholders to inform decision-making and policy formation related to the educational services sector in Missouri.
Key Facts
- Missouri's educational services industry contributes over $10 billion to the state's GDP.
- The real GDP for educational services in Missouri has grown by 12% over the past decade.
- The educational services sector accounts for nearly 4% of Missouri's total economic output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) for the educational services industry in the state of Missouri. It tracks the inflation-adjusted output of this key sector.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the economic performance and growth of Missouri's educational services industry, which is an important contributor to the state's overall 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 national income and product accounts methodology.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and industry stakeholders to inform decision-making and policy formation related to the educational services sector in Missouri.
Q: Are there update delays or limitations?
A: The data is subject to the standard release schedule and potential revisions by the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Educational Services (61) in Missouri (MOEDCATRGSP), retrieved from FRED.