Chain-Type Quantity Index for Real GDP: Agriculture, Forestry, Fishing and Hunting (11) in Mississippi
MSAGRQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
136.78
Year-over-Year Change
75.96%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Agriculture, Forestry, Fishing and Hunting (11) in Mississippi measures the real output of this industry sector in the state. It is a key indicator of economic activity and productivity in Mississippi's primary 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 index tracks the volume of goods and services produced by the agriculture, forestry, fishing, and hunting industries in Mississippi, adjusted for inflation. It is a useful metric for analyzing trends in these vital sectors of the state's economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology.
Historical Context
Policymakers and economists monitor this index to gauge the health and competitiveness of Mississippi's natural resource-based industries.
Key Facts
- Mississippi is a major producer of crops, timber, and seafood.
- This index reflects the industry's contribution to the state's economic output.
- The index is adjusted for inflation to show real production changes.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Agriculture, Forestry, Fishing and Hunting (11) in Mississippi measures the real output of these industries in the state.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of economic activity and productivity in Mississippi's vital natural resource-based industries, providing insight into their competitiveness and contribution to the state's economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this index to gauge the health and competitiveness of Mississippi's agriculture, forestry, fishing, and hunting industries, which are critical to the state's economy.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Federal Reserve and available through the FRED economic data repository.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Agriculture, Forestry, Fishing and Hunting (11) in Mississippi (MSAGRQQGSP), retrieved from FRED.