Gross Domestic Product: Performing Arts, Spectator Sports, Museums, and Related Activities (711-712) in Missouri
MOPRFRMSPRTMSMNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,128.30
Year-over-Year Change
53.14%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the performing arts, spectator sports, museums, and related activities sector in Missouri. It provides insight into the economic performance and contribution of these cultural and entertainment industries within 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 GDP of the performing arts, spectator sports, museums, and related activities (North American Industry Classification System codes 711-712) is a key indicator of the economic activity and productivity in Missouri's arts, culture, and entertainment sector. It is used by policymakers, economists, and industry analysts to track the growth and trends in this important component of the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of sources, including business surveys and economic census information.
Historical Context
This GDP trend is relevant for understanding the economic health and contribution of Missouri's cultural and recreational industries, which are important for both the state's economy and quality of life.
Key Facts
- Missouri's performing arts, spectator sports, museums, and related activities GDP was $4.6 billion in 2021.
- This sector accounts for approximately 1.5% of Missouri's total GDP.
- The GDP of this industry in Missouri has grown by 23% over the past 10 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the performing arts, spectator sports, museums, and related activities sector in the state of Missouri.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the economic performance and contribution of Missouri's arts, culture, and entertainment industries, which are important for understanding the state's overall economic health and growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of sources, including business surveys and economic census information.
Q: How is this trend used in economic policy?
A: This GDP trend is used by policymakers, economists, and industry analysts to track the growth and trends in Missouri's performing arts, spectator sports, museums, and related activities sector, which is an important component of the state's economy.
Q: Are there update delays or limitations?
A: The data is updated annually by the U.S. Bureau of Economic Analysis, and there may be some delays in the release of the most recent figures.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Performing Arts, Spectator Sports, Museums, and Related Activities (711-712) in Missouri (MOPRFRMSPRTMSMNGSP), retrieved from FRED.