Gross Domestic Product: Private Industries in Missouri
Quarterly, Seasonally Adjusted Annual Rate
MOPINQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
412,844.50
Year-over-Year Change
19.66%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate (MOPINQGSP) measures the quarterly change in nominal gross state product, adjusted for seasonal variations and expressed as an annualized rate. This metric is closely watched by economists to assess the overall health and growth trajectory of state-level economic activity.
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 Quarterly, Seasonally Adjusted Annual Rate (MOPINQGSP) is a key indicator of state-level economic performance. It tracks the annualized rate of change in nominal gross state product (GSP) on a quarterly basis, with seasonal adjustments to remove regular fluctuations. This data helps policymakers and analysts understand the pace of economic growth or contraction in different regions.
Methodology
The Bureau of Economic Analysis (BEA) calculates MOPINQGSP by seasonally adjusting quarterly GSP data and then annualizing the percentage change.
Historical Context
MOPINQGSP is widely used by government, academic, and private-sector economists to monitor the economic health of U.S. states and inform policy decisions.
Key Facts
- MOPINQGSP is released quarterly by the Bureau of Economic Analysis.
- The metric tracks annualized growth in nominal state-level GDP.
- MOPINQGSP data is used to gauge regional economic performance.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate (MOPINQGSP) measures the annualized rate of change in nominal gross state product (GSP) on a quarterly basis, with adjustments to remove seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: MOPINQGSP data is closely watched by economists, policymakers, and other stakeholders to assess the overall health and growth trajectory of state-level economic activity, which informs decision-making.
Q: How is this data collected or calculated?
A: The Bureau of Economic Analysis (BEA) calculates MOPINQGSP by seasonally adjusting quarterly GSP data and then annualizing the percentage change.
Q: How is this trend used in economic policy?
A: MOPINQGSP is widely used by government, academic, and private-sector economists to monitor the economic health of U.S. states and inform policy decisions at the regional and national levels.
Q: Are there update delays or limitations?
A: MOPINQGSP data is released quarterly by the BEA, with a lag of several months. There may also be revisions to previously reported figures as more complete data becomes available.
Related Trends
Unemployment Rate in Missouri
MOUR
Monthly State Retail Sales: Building Material and Garden Equipment and Supplies Dealers in Missouri
MSRSMO444
Real Gross Domestic Product: Food Services and Drinking Places (722) in Missouri
MOFOODDPRGSP
Labor Compensation for Private Nonfarm in Missouri
IPUZNU110290000
All Employees: Total Private in Missouri
SMS29000000500000026
All Employees: Other Services: Repair and Maintenance in Missouri
SMU29000008081100001SA
Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (MOPINQGSP), retrieved from FRED.