Real Gross Domestic Product: Other Services (Except Government and Government Enterprises) (81) in Missouri
MOOTHSERVERGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,064.30
Year-over-Year Change
-0.77%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the real gross domestic product (GDP) of the other services sector, excluding government and government enterprises, in the state of Missouri. It provides insights into the performance and growth of this important component of the state's 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 other services sector includes a wide range of economic activities, such as personal services, repair and maintenance, and religious and civic organizations. Monitoring the real GDP of this sector helps analysts and policymakers understand the overall health and dynamics of Missouri's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) using established national income and product accounting methods.
Historical Context
This trend is useful for tracking the relative performance of Missouri's service sector and can inform economic policies and business decisions.
Key Facts
- The other services sector accounts for about 5% of Missouri's GDP.
- This trend has shown steady growth over the past decade.
- The other services sector is an important source of employment in Missouri.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the other services sector, excluding government and government enterprises, in the state of Missouri.
Q: Why is this trend relevant for users or analysts?
A: Monitoring the real GDP of the other services sector helps analysts and policymakers understand the overall health and dynamics of Missouri's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) using established national income and product accounting methods.
Q: How is this trend used in economic policy?
A: This trend can inform economic policies and business decisions by providing insights into the relative performance of Missouri's service sector.
Q: Are there update delays or limitations?
A: The data is published regularly by the BEA, but there may be some delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Other Services (Except Government and Government Enterprises) (81) in Missouri (MOOTHSERVERGSP), retrieved from FRED.