Gross Domestic Product: Other Transportation Equipment Manufacturing (3364-3466, 3369) in Missouri
MOOTRANEQMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,764.10
Year-over-Year Change
197.59%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) generated by other transportation equipment manufacturing in Missouri. It provides valuable insights into the state's economic performance and the relative importance of this industry 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 GDP for other transportation equipment manufacturing in Missouri encompasses a range of activities, including the production of aerospace products, railroad rolling stock, and other specialized vehicles. This metric is used by economists and policymakers to assess the overall health and composition of the state's manufacturing industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of its comprehensive GDP reporting for individual states and industries.
Historical Context
This trend is relevant for understanding Missouri's economic drivers and informing policy decisions related to industry support, workforce development, and infrastructure investment.
Key Facts
- Missouri is a major hub for transportation equipment manufacturing.
- This industry accounted for over 5% of the state's GDP in recent years.
- The sector has seen steady growth, outpacing the overall state economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) generated by other transportation equipment manufacturing in the state of Missouri, including the production of aerospace, rail, and other specialized vehicles.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the performance and importance of Missouri's transportation manufacturing industry, which is a key driver of the state'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 as part of its comprehensive GDP reporting for individual states and industries.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to inform decisions related to industry support, workforce development, and infrastructure investment in Missouri.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis, with some potential for minor delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Other Transportation Equipment Manufacturing (3364-3466, 3369) in Missouri (MOOTRANEQMANNGSP), retrieved from FRED.