Gross Domestic Product: Manufacturing (31-33) in Missouri
MOMANNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
52,162.80
Year-over-Year Change
16.32%
Date Range
1/1/2005 - 1/1/2025
Summary
The Gross Domestic Product: Manufacturing (31-33) in Missouri metric measures the economic output of the manufacturing sector in the state of Missouri. This data is crucial for understanding regional economic trends and guiding policymakers.
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 inflation-adjusted value added by the manufacturing industry in Missouri, which encompasses activities such as the production of durable and nondurable goods. It is a key indicator of the state's industrial productivity and economic health.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using state-level income and output statistics.
Historical Context
Analysts and policymakers use this metric to assess the performance of Missouri's manufacturing sector and its contribution to the state's overall economic growth.
Key Facts
- Manufacturing accounts for over 12% of Missouri's GDP.
- Missouri's manufacturing output has grown by 25% since 2010.
- The state's top manufacturing industries include transportation equipment, food processing, and chemical production.
FAQs
Q: What does this economic trend measure?
A: This metric measures the real, inflation-adjusted value added by the manufacturing sector in the state of Missouri, encompassing the production of durable and nondurable goods.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for understanding the performance and contribution of Missouri's manufacturing industry to the state's overall economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using state-level income and output statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health and competitiveness of Missouri's manufacturing sector, which informs economic development strategies and policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately 3 months, and may be subject to periodic revisions by the collecting agency.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Manufacturing (31-33) in Missouri (MOMANNQGSP), retrieved from FRED.