Gross Domestic Product: All Industry Total in Missouri
MONGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
451,201.40
Year-over-Year Change
65.59%
Date Range
1/1/1997 - 1/1/2024
Summary
The Gross Domestic Product (GDP) All Industry Total in Missouri measures the total economic output of the state. It is a key indicator used by economists and policymakers to assess the overall health and growth of the Missouri 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
The GDP All Industry Total in Missouri represents the total value of all goods and services produced within the state, across all industries. It is a comprehensive measure of Missouri's economic activity and is used to track long-term trends, make comparisons to other states, and inform policy decisions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using surveys and economic models.
Historical Context
Policymakers and analysts use this trend to monitor the performance of the Missouri economy and inform decisions related to fiscal, monetary, and economic development policies.
Key Facts
- Missouri's GDP totaled $370 billion in 2021.
- The state's GDP grew by 4.2% in 2021 compared to 2020.
- Trade, transportation, and utilities are the largest sectors in Missouri's economy.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) All Industry Total in Missouri measures the total economic output of the state across all industries and sectors.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of the overall health and growth of the Missouri economy, which is useful for policymakers, businesses, and analysts to monitor and inform economic decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using surveys and economic models.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor the performance of the Missouri economy and inform decisions related to fiscal, monetary, and economic development policies.
Q: Are there update delays or limitations?
A: The GDP data for Missouri is updated quarterly by the Bureau of Economic Analysis, with a typical 2-3 month delay from the end of the reference period.
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Citation
U.S. Federal Reserve, Gross Domestic Product: All Industry Total in Missouri (MONGSP), retrieved from FRED.