Gross Domestic Product: Plastics and Rubber Products Manufacturing (326) in Missouri
MOPLASRUBMANNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,864.10
Year-over-Year Change
36.24%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the gross domestic product (GDP) of the plastics and rubber products manufacturing industry in Missouri. It provides insights into the economic performance and productivity of this key manufacturing 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 Gross Domestic Product: Plastics and Rubber Products Manufacturing (326) in Missouri metric represents the total value of goods and services produced by the plastics and rubber products manufacturing industry in the state. It is a key indicator of economic activity and competitiveness within this important manufacturing segment.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using standard GDP accounting methods.
Historical Context
This trend is used by policymakers, economists, and industry analysts to assess the health and competitiveness of Missouri's manufacturing sector.
Key Facts
- Missouri is a major hub for plastics and rubber production in the U.S.
- This industry accounts for over 5% of the state's total manufacturing GDP.
- Plastics and rubber manufacturing employs more than 30,000 workers in Missouri.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the plastics and rubber products manufacturing industry in the state of Missouri.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the economic performance and competitiveness of a key manufacturing sector in Missouri, which is important for policymakers, economists, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using standard GDP accounting methods.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and industry analysts to assess the health and competitiveness of Missouri's manufacturing sector and inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the U.S. Bureau of Economic Analysis, with potential delays of several months between the reference period and public release.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Plastics and Rubber Products Manufacturing (326) in Missouri (MOPLASRUBMANNGSP), retrieved from FRED.