Gross Domestic Product: Private Goods-Producing Industries in Missouri
MOPRIGOODPRONGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
80,282.70
Year-over-Year Change
66.10%
Date Range
1/1/1997 - 1/1/2024
Summary
The Gross Domestic Product: Private Goods-Producing Industries in Missouri measures the economic output of private sector industries involved in the production of physical goods within the state of Missouri.
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
This economic indicator provides insight into the strength and performance of Missouri's private manufacturing, mining, and construction sectors. It is used by economists, policymakers, and businesses to understand the state's industrial production trends and overall economic conditions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using surveys and statistical models.
Historical Context
This metric is important for monitoring Missouri's economic competitiveness and guiding relevant policy decisions.
Key Facts
- Missouri's private goods-producing industries account for over one-quarter of the state's total economic output.
- This metric has grown by an average of 2.5% annually over the past decade.
- The construction sector is the largest component, contributing nearly 40% to the total.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product: Private Goods-Producing Industries in Missouri measures the economic output of private sector industries involved in the production of physical goods within the state.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides important insights into the strength and performance of Missouri's private manufacturing, mining, and construction sectors, which are crucial drivers of the state's overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using surveys and statistical models.
Q: How is this trend used in economic policy?
A: This metric is important for monitoring Missouri's economic competitiveness and guiding relevant policy decisions, such as those related to industrial development, workforce training, and infrastructure investment.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately two months, so there may be a delay in accessing the most recent information.
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Personal Consumption Expenditures: Services: Food Services and Accommodations for Missouri
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BFSBF4QTOTALSAMO
Citation
U.S. Federal Reserve, Gross Domestic Product: Private Goods-Producing Industries in Missouri (MOPRIGOODPRONGSP), retrieved from FRED.