Chain-Type Quantity Index for Real GDP: Air Transportation (481) in Mississippi
MSAIRTRANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
146.53
Year-over-Year Change
0.37%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Air Transportation (481) in Mississippi measures the real output of the air transportation industry in Mississippi, adjusted for inflation.
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 changes in the volume of air transportation services produced in Mississippi, an important sector of the state's economy. Economists and policymakers use this data to analyze productivity trends and the overall health of the state's transportation infrastructure.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type index that adjusts for price changes over time.
Historical Context
This index provides insights into the performance of Mississippi's air transportation industry, which has implications for the state's economic development and transportation policy.
Key Facts
- Mississippi's air transportation industry accounts for over 5% of the state's GDP.
- The index has shown steady growth in air transportation output since 2010.
- Air transportation is a key component of Mississippi's logistics and distribution sector.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the air transportation industry in Mississippi, providing insights into the volume of air transportation services produced in the state.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding the performance and productivity of Mississippi's air transportation sector, which is a key component of the state's economy and transportation infrastructure.
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 index that adjusts for price changes over time.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to analyze the health and productivity of Mississippi's air transportation industry, which can inform decisions about infrastructure investment, economic development, and transportation policy.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Economic Analysis, with a typical lag of 3 months. The index may not capture all aspects of air transportation activity in the state.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Air Transportation (481) in Mississippi (MSAIRTRANQGSP), retrieved from FRED.