Real Gross Domestic Product: All Industry Total in Missouri
MORQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
359,436.60
Year-over-Year Change
6.77%
Date Range
1/1/2005 - 1/1/2025
Summary
The Real Gross Domestic Product: All Industry Total in Missouri measures the total inflation-adjusted economic output of all industries in the state. It is a key indicator of Missouri's economic health 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 series represents the total real GDP for the state of Missouri, adjusted for inflation. It provides a comprehensive measure of economic activity across all sectors, enabling analysis of Missouri's broader economic trends and performance.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and analysts use this metric to assess Missouri's economic conditions and make informed decisions about fiscal, monetary, and development policies.
Key Facts
- Missouri's real GDP totaled $369 billion in 2021.
- The state's economy grew by 4.5% in 2021 after the COVID-19 pandemic.
- Manufacturing is a key industry, contributing over 12% of Missouri's total GDP.
FAQs
Q: What does this economic trend measure?
A: The Real Gross Domestic Product: All Industry Total in Missouri measures the total inflation-adjusted economic output of all industries in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a comprehensive view of Missouri's economic performance, enabling analysis of broader trends and informing policy decisions.
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: Policymakers and analysts use this metric to assess Missouri's economic conditions and make informed decisions about fiscal, monetary, and development policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: All Industry Total in Missouri (MORQGSP), retrieved from FRED.