Gross Domestic Product: Private Industries in Missouri
MOPINGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
403,066.20
Year-over-Year Change
68.41%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the output of private industries in the state of Missouri, providing insights into the state's economic performance and growth.
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 Gross Domestic Product (GDP) for Private Industries in Missouri tracks the total value of goods and services produced by the private sector within the state. It is a key indicator of Missouri's economic health and can help policymakers and analysts understand the state's economic trends and drivers.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA).
Historical Context
This trend is widely used by economists, policymakers, and businesses to assess Missouri's economic conditions and make informed decisions.
Key Facts
- Missouri's private industries account for over 80% of the state's GDP.
- The service sector makes up the largest portion of Missouri's private industry GDP.
- Manufacturing is a key driver of Missouri's private industry economic output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services produced by the private sector within the state of Missouri, excluding the public sector.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the health and performance of Missouri's economy, which is crucial for policymakers, businesses, and investors making decisions that impact the state.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA).
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the state's economic conditions, identify growth opportunities, and make informed decisions about economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is published quarterly by the BEA, with a typical release lag of about two months.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Private Industries in Missouri (MOPINGSP), retrieved from FRED.