Real Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in Missouri
MOOTHTRANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,340.90
Year-over-Year Change
46.99%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures real gross domestic product (GDP) for the Other Transportation and Support Activities industry in Missouri. It provides insights into the performance and growth of this critical sector 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 Real Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in Missouri series tracks the inflation-adjusted output of businesses engaged in air, rail, water, and pipeline transportation, as well as support activities for transportation. This metric is used to gauge the health and productivity of this industry within the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic modeling.
Historical Context
This trend is relevant for policymakers, businesses, and economists analyzing Missouri's economic conditions and transportation infrastructure.
Key Facts
- Missouri's Other Transportation and Support Activities industry accounts for 2.7% of the state's GDP.
- This sector grew by 3.2% in 2021, outpacing the overall state GDP growth.
- Air transportation is the largest component of this industry in Missouri.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) for the Other Transportation and Support Activities industry in Missouri, which includes air, rail, water, and pipeline transportation, as well as related support services.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the performance and growth of a critical sector of Missouri's economy, which is important for policymakers, businesses, and economists analyzing the state's economic conditions and transportation infrastructure.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic modeling.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and businesses to assess the health and productivity of Missouri's transportation industry, which is a key factor in the state's overall economic performance and competitiveness.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the U.S. Bureau of Economic Analysis, with a typical delay of 2-3 months. The metrics may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in Missouri (MOOTHTRANRGSP), retrieved from FRED.