Real Gross Domestic Product: Plastics and Rubber Products Manufacturing (326) in Missouri
MOPLASRUBMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,212.20
Year-over-Year Change
-16.54%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) of the plastics and rubber products manufacturing industry in the state of Missouri. It provides insights into the economic performance and growth 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 Real Gross Domestic Product: Plastics and Rubber Products Manufacturing (326) in Missouri series tracks the inflation-adjusted output of this industry within the state. It is an important indicator of the health and competitiveness of Missouri's plastics and rubber manufacturing sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This trend is closely monitored by policymakers, industry analysts, and economic development organizations to assess the state's manufacturing capabilities and guide strategic investments.
Key Facts
- Missouri is a leading state for plastics and rubber manufacturing.
- This industry accounts for over 5% of the state's total economic output.
- Real GDP in this sector has grown by 20% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real 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 trend provides insights into the economic performance and growth of a key manufacturing sector in Missouri, which is important for understanding the state's overall economic competitiveness.
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 principles.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, industry analysts, and economic development organizations to assess the state's manufacturing capabilities and guide strategic investments.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 2-3 month lag.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Plastics and Rubber Products Manufacturing (326) in Missouri (MOPLASRUBMANRGSP), retrieved from FRED.