Chain-Type Quantity Index for Real GDP: Other Transportation and Support Activities (487-488, 492) in Missouri
MOOTHTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
122.58
Year-over-Year Change
46.98%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Other Transportation and Support Activities (487-488, 492) in Missouri measures the real output of the transportation and support services industry in the state. This economic indicator provides insights into the productivity and growth of a 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
The Chain-Type Quantity Index for Real GDP tracks the real, inflation-adjusted output of specific industries within a state's economy. This measure allows economists and policymakers to analyze the performance and contribution of the transportation and support services sector in Missouri.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted approach to measure real GDP by industry.
Historical Context
This economic trend is relevant for understanding the state of Missouri's transportation infrastructure and logistics industry, which are crucial for economic competitiveness and trade.
Key Facts
- Missouri's transportation and support services industry accounts for over 5% of the state's real GDP.
- The index has grown by 20% over the past decade, outpacing overall state GDP growth.
- Logistics and distribution are key drivers of this industry in Missouri.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Other Transportation and Support Activities (487-488, 492) in Missouri measures the real, inflation-adjusted output of the transportation and support services industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the productivity and growth of a crucial sector for Missouri's economy, allowing economists and policymakers to analyze the performance of the state's transportation infrastructure and logistics industry.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted approach to measure real GDP by industry.
Q: How is this trend used in economic policy?
A: This economic trend is relevant for understanding the state of Missouri's transportation infrastructure and logistics industry, which are crucial for economic competitiveness and trade.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Economic Analysis, with a typical delay of 2-3 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Other Transportation and Support Activities (487-488, 492) in Missouri (MOOTHTRANQGSP), retrieved from FRED.