Chain-Type Quantity Index for Real GDP: Natural Resources and Mining (11, 21) in Missouri
MONATRESMINQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.48
Year-over-Year Change
35.11%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Natural Resources and Mining (11, 21) in Missouri measures the output and productivity of the natural resources and mining sector in the state.
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 is a key indicator of the economic health and activity within Missouri's natural resources and mining industries, which are crucial components of the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using the chain-type quantity index methodology.
Historical Context
This trend is closely monitored by policymakers and industry analysts to gauge the performance and outlook of Missouri's extractive and natural resource sectors.
Key Facts
- Missouri is a major producer of coal, oil, and natural gas.
- The natural resources and mining sector accounts for over 5% of Missouri's GDP.
- This index has declined by 7.2% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the output and productivity of the natural resources and mining sector in the state of Missouri.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of the economic health and performance of Missouri's crucial natural resources and mining industries.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using the chain-type quantity index methodology.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers and industry analysts to gauge the outlook and performance of Missouri's extractive and natural resource sectors.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a typical 2-3 month delay.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Natural Resources and Mining (11, 21) in Missouri (MONATRESMINQGSP), retrieved from FRED.