Real Gross Domestic Product: Trade (42, 44-45) in Missouri
MOTRADERGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45,322.20
Year-over-Year Change
29.42%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Real Gross Domestic Product: Trade (42, 44-45) in Missouri' series measures the economic output of the trade sector in Missouri, adjusted for inflation. This metric is crucial for understanding Missouri's economic performance and the health of its retail and wholesale industries.
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 real, inflation-adjusted value of the trade sector's gross domestic product contribution within the state of Missouri. Trade includes retail trade (NAICS 44-45) and wholesale trade (NAICS 42). The data is a key indicator of business activity and consumer spending in the state.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using state-level GDP figures.
Historical Context
Policymakers and economists closely monitor this trend to gauge the strength of Missouri's economy and consumer demand.
Key Facts
- Missouri's trade sector accounted for 16.4% of the state's GDP in 2021.
- Real trade GDP in Missouri grew by 3.2% in 2021 after declining 2.7% in 2020.
- Wholesale trade makes up about 55% of Missouri's total trade GDP.
FAQs
Q: What does this economic trend measure?
A: This series measures the real, inflation-adjusted gross domestic product (GDP) contribution of the trade sector in the state of Missouri. It covers both retail trade and wholesale trade activities.
Q: Why is this trend relevant for users or analysts?
A: The trade sector GDP is a key indicator of consumer spending, business activity, and the overall economic performance of Missouri. Tracking this trend provides insights into the state's economic health and consumer demand.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using state-level GDP figures.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to gauge the strength of Missouri's economy and make informed decisions about fiscal, monetary, and regulatory policies.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of several months, so there may be a delay in reflecting the latest economic conditions in Missouri.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Trade (42, 44-45) in Missouri (MOTRADERGSP), retrieved from FRED.