Chain-Type Quantity Index for Real GDP: Finance, Insurance, Real Estate, Rental, and Leasing (52, 53) in Missouri
MOFININSREALQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
115.76
Year-over-Year Change
7.56%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the chain-type quantity index for real GDP in the finance, insurance, real estate, rental, and leasing sectors in Missouri. It provides insights into the performance and growth of these critical industries within 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 chain-type quantity index for real GDP tracks the real (inflation-adjusted) output of the finance, insurance, real estate, rental, and leasing industries in Missouri. This measure helps economists and policymakers understand the relative contribution and growth dynamics of these sectors to the overall state economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting methodologies.
Historical Context
This trend is widely used by economists, policymakers, and market analysts to assess the health and trajectory of Missouri's service-oriented economy.
Key Facts
- Missouri's finance, insurance, real estate, rental, and leasing sectors account for over 20% of the state's GDP.
- This index has shown steady growth over the past decade, outpacing the national average.
- The performance of these industries is closely tied to population and business growth in Missouri.
FAQs
Q: What does this economic trend measure?
A: This trend measures the chain-type quantity index for real GDP in the finance, insurance, real estate, rental, and leasing sectors in the state of Missouri.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and growth dynamics of key service-oriented industries that are critical to Missouri'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 established national accounting methodologies.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and market analysts to assess the health and trajectory of Missouri's service-oriented economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 2-3 month delay, which may limit its use for real-time analysis.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Finance, Insurance, Real Estate, Rental, and Leasing (52, 53) in Missouri (MOFININSREALQGSP), retrieved from FRED.