Chain-Type Quantity Index for Real GDP: All Industry Total in Missouri
MOQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
115.47
Year-over-Year Change
6.78%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: All Industry Total in Missouri measures the inflation-adjusted output of Missouri's economy. It is a key indicator of the state's economic performance and growth.
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 index tracks the total real gross domestic product (GDP) for all industries in Missouri. It is used by economists and policymakers to analyze the state's economic conditions and trends over time.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index methodology.
Historical Context
The Missouri real GDP index provides important context for state-level economic policy and business decisions.
Key Facts
- Missouri's real GDP index has grown by over 25% since 2010.
- The index reached a record high in 2021 despite the COVID-19 pandemic.
- Missouri's economy makes up approximately 2% of total U.S. GDP.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: All Industry Total in Missouri measures the total real economic output of the state, adjusting for inflation.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into the performance and growth of Missouri's economy, which is useful for businesses, policymakers, and economic analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index methodology.
Q: How is this trend used in economic policy?
A: The Missouri real GDP index is used by state and federal policymakers to inform economic and fiscal policies, as well as by businesses to guide investment and strategic decisions.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: All Industry Total in Missouri (MOQQGSP), retrieved from FRED.