Real Gross Domestic Product: Private Industries in Missouri
MOPIRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
320,398.00
Year-over-Year Change
6.68%
Date Range
1/1/2005 - 1/1/2025
Summary
This series measures the real gross domestic product (GDP) of private industries in the state of Missouri. It provides insight into the economic performance and growth of the private sector in the state.
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: Private Industries in Missouri series tracks the inflation-adjusted economic output of all private-sector industries within the state, excluding government activity. It is a key indicator of Missouri's overall economic health and business climate.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting methods.
Historical Context
This metric is widely used by policymakers, analysts, and businesses to assess the strength and trajectory of Missouri's private-sector economy.
Key Facts
- Missouri's private industries account for over 80% of the state's total economic output.
- Real private GDP in Missouri grew by 2.5% in 2021, outpacing the national average.
- The finance, insurance, and real estate sectors are the largest contributors to Missouri's private GDP.
FAQs
Q: What does this economic trend measure?
A: This series measures the real (inflation-adjusted) gross domestic product of all private industries located in the state of Missouri, excluding government activity.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the overall performance and growth of Missouri's private sector economy, which is crucial for understanding the state's economic health and business climate.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting methods.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and businesses use this metric to assess the strength and trajectory of Missouri's private-sector economy, which informs economic development strategies and investment decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months, so the most recent figures may not reflect the latest economic conditions.
Related Trends
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Gross Domestic Product: Mining, Quarrying, and Oil and Gas Extraction (21) in Missouri
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Nondurable Manufacturing Earnings in Missouri
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Gross Domestic Product: Finance, Insurance, Real Estate, Rental, and Leasing (52, 53) in Missouri
MOFININSREALNGSP
Real Gross Domestic Product: Federal Civilian in Missouri
MOGOVFEDCIVRGSP
Average Weekly Earnings of Production Employees: Manufacturing in Missouri
SMU29000003000000030
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Private Industries in Missouri (MOPIRQGSP), retrieved from FRED.