Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Missouri
MOGOVQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.39
Year-over-Year Change
3.12%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Missouri measures the inflation-adjusted output of the government sector in the state. This metric is important for economists and policymakers to understand the role of the public sector in the state's economic activity.
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 index tracks the volume of goods and services produced by government and government enterprises in Missouri, adjusted for inflation. It provides insight into the government's contribution to the state's real GDP over time, which is useful for fiscal and economic policy analysis.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type index formula.
Historical Context
This metric informs discussions around the size and productivity of Missouri's public sector and its impact on the broader state economy.
Key Facts
- Missouri's government sector accounts for over 12% of the state's real GDP.
- The index has grown by an average of 1.5% annually over the past decade.
- The public sector's economic contribution varies significantly across U.S. states.
FAQs
Q: What does this economic trend measure?
A: This index measures the inflation-adjusted output of the government and government enterprises sector in Missouri's economy.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and productivity of Missouri's public sector, which is important for understanding the state's overall economic activity and performance.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type index formula.
Q: How is this trend used in economic policy?
A: This index informs discussions around the role of government spending and public sector employment in Missouri's economy, which is relevant for fiscal and economic policymaking.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Federal Reserve with a lag of several months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Missouri (MOGOVQGSP), retrieved from FRED.