Chain-Type Quantity Index for Real GDP: Mining (Except Oil and Gas) (212) in Missouri
MOMINEXOILGASQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
89.69
Year-over-Year Change
-8.08%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Mining (Except Oil and Gas) (212) in Missouri measures the inflation-adjusted output of the mining industry, excluding oil and gas, in the state. This indicator provides insights into the economic performance and productivity of this key sector.
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 changes in the real, inflation-adjusted value of goods and services produced by the mining industry, excluding oil and gas extraction, in the state of Missouri. It is a useful measure for understanding the overall contribution of this industry to the state's economic growth and development.
Methodology
The data is collected and calculated by the U.S. Federal Reserve as part of its broader national accounts and gross domestic product (GDP) measurements.
Historical Context
This index is closely monitored by policymakers, economists, and industry analysts to assess the health and dynamics of Missouri's mining sector and its impact on the state's economic performance.
Key Facts
- Missouri is a major mining state, contributing significantly to the national economy.
- The mining industry, excluding oil and gas, accounts for over 5% of Missouri's GDP.
- This index has shown steady growth in recent years, indicating a robust mining sector in the state.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Mining (Except Oil and Gas) (212) in Missouri measures the inflation-adjusted output of the mining industry, excluding oil and gas, in the state of Missouri.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insights into the economic performance and productivity of Missouri's mining sector, which is a crucial component of 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. Federal Reserve as part of its national accounts and GDP measurements.
Q: How is this trend used in economic policy?
A: This index is closely monitored by policymakers, economists, and industry analysts to assess the health and dynamics of Missouri's mining sector and its impact on the state's economic performance.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, with minimal delays, providing timely insights into the mining industry in Missouri.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Mining (Except Oil and Gas) (212) in Missouri (MOMINEXOILGASQGSP), retrieved from FRED.