Gross Domestic Product: Government and Government Enterprises (92) in Missouri
MOGOVNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48,135.20
Year-over-Year Change
45.19%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Gross Domestic Product: Government and Government Enterprises (92) in Missouri' trend measures the economic output of the government sector in the state of Missouri. This data is crucial for policymakers and economists to understand the role of government activity in 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
This series represents the gross domestic product (GDP) generated by government and government enterprises in the state of Missouri. It provides insight into the economic impact and relative size of the public sector in the state's overall economic output.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their comprehensive GDP estimates for states and local areas.
Historical Context
Tracking government GDP is important for evaluating fiscal policy, the size of the public sector, and the interaction between government and private economic activity.
Key Facts
- Government GDP accounts for around 12% of total GDP in Missouri.
- This series dates back to 2001 with annual updates.
- GDP from government enterprises makes up about 30% of the total government GDP figure.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) generated by the government sector, including government agencies and government-owned enterprises, within the state of Missouri.
Q: Why is this trend relevant for users or analysts?
A: Tracking government GDP is important for understanding the role and size of the public sector in a state's economy, which is crucial for fiscal policy analysis and economic development planning.
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 comprehensive GDP estimates for states and local areas.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to evaluate the impact of government spending, the size of the public sector, and the interaction between government and private economic activity in Missouri.
Q: Are there update delays or limitations?
A: This series is updated annually with a delay of approximately one year due to the comprehensive data collection and review process.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Government and Government Enterprises (92) in Missouri (MOGOVNGSP), retrieved from FRED.