Real Gross Domestic Product: Educational Services (61) in Missouri
MOEDCATRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,139.60
Year-over-Year Change
-4.21%
Date Range
1/1/2005 - 1/1/2025
Summary
The 'Real Gross Domestic Product: Educational Services (61) in Missouri' trend measures the inflation-adjusted output of the educational services industry in the state of Missouri. This data provides insights into the economic performance and productivity of this key 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 tracks the real GDP, or inflation-adjusted total output, of the educational services industry (NAICS code 61) in the state of Missouri. It is an important indicator of the scale and health of this industry, which includes schools, colleges, and other educational institutions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using national income and product accounts.
Historical Context
Policymakers and economists analyze this trend to understand the economic conditions and outlook for Missouri's education sector.
Key Facts
- Missouri's educational services industry accounts for over 5% of the state's GDP.
- Real GDP in this sector has grown by 15% over the past decade.
- The education industry is a major employer in Missouri, with over 250,000 workers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the inflation-adjusted total output or real GDP of the educational services industry in the state of Missouri.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the scale, performance, and economic impact of Missouri's education sector, which is a key part of the state's 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.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to understand the economic conditions and outlook for Missouri's education sector, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of several months, so there may be a delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Educational Services (61) in Missouri (MOEDCATRQGSP), retrieved from FRED.