Gross Domestic Product: Electrical Equipment, Appliance, and Component Manufacturing (335) in Missouri
MOELCEQAPMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,973.30
Year-over-Year Change
21.14%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the electrical equipment, appliance, and component manufacturing industry in the state of Missouri. It provides valuable insights into the performance and contribution of this important manufacturing sector to the state's economy.
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 Gross Domestic Product: Electrical Equipment, Appliance, and Component Manufacturing (335) in Missouri trend represents the total value of goods and services produced by this industry within the state. It is a key indicator of economic activity and productivity in this manufacturing segment, which is crucial for understanding the overall health and competitiveness of Missouri's industrial base.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Historical Context
This trend is used by policymakers, economists, and industry analysts to monitor the performance and competitiveness of Missouri's electrical equipment manufacturing sector and its impact on the state's economic growth.
Key Facts
- Missouri is a major hub for electrical equipment and appliance manufacturing.
- This industry accounts for a significant portion of the state's total economic output.
- The trend has shown steady growth over the past decade, reflecting the sector's importance.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the electrical equipment, appliance, and component manufacturing 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 contribution of Missouri's electrical equipment manufacturing sector, which is crucial for understanding the state's overall economic health and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and industry analysts to monitor the performance and competitiveness of Missouri's electrical equipment manufacturing sector and its impact on the state's economic growth.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the U.S. Bureau of Economic Analysis, with potential delays or limitations inherent in the data collection and reporting process.
Related Trends
Real Gross Domestic Product: Durable Goods Manufacturing (321, 327-339) in Missouri
MODURMANRGSP
All Employees: Professional and Business Services: Administrative and Support and Waste Management and Remediation Services in Missouri
SMU29000006056000001
Business Applications with Planned Wages: Total for All NAICS in Missouri
BAWBATOTALNSAMO
State Government Tax Collections, Amusements - Selective Sales Taxes in Missouri
MOAMUSTAX
Gross Domestic Product: Plastics and Rubber Products Manufacturing (326) in Missouri
MOPLASRUBMANNGSP
Other Services (except Public Administration) Earnings in Missouri
MOEOTH
Citation
U.S. Federal Reserve, Gross Domestic Product: Electrical Equipment, Appliance, and Component Manufacturing (335) in Missouri (MOELCEQAPMANNGSP), retrieved from FRED.