Chain-Type Quantity Index for Real GDP: Amusement, Gambling, and Recreation Industries (713) in Mississippi
MSAMUSEQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
132.35
Year-over-Year Change
0.29%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Amusement, Gambling, and Recreation Industries (713) in Mississippi measures the volume of economic activity in this sector within the state.
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 real (inflation-adjusted) output of amusement, gambling, and recreation businesses in Mississippi over time. It is a key economic indicator used by policymakers and analysts to gauge the health and growth of this industry.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chained-dollar approach to measure real GDP by industry.
Historical Context
This trend provides insights into a vital component of Mississippi's service economy and consumer spending patterns.
Key Facts
- Mississippi's amusement and recreation GDP index has grown by 27% since 2010.
- This sector accounts for over 2.5% of Mississippi's total GDP.
- The index experienced a sharp decline during the COVID-19 pandemic in 2020.
FAQs
Q: What does this economic trend measure?
A: This index tracks changes in the real, inflation-adjusted output of the amusement, gambling, and recreation industries in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides valuable insights into the performance and growth of a key service sector within Mississippi's economy, which is important for policymakers and business analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chained-dollar approach to measure real GDP by industry.
Q: How is this trend used in economic policy?
A: This index is used by economists and policymakers to gauge the health and growth of Mississippi's leisure and entertainment industry, which informs decisions related to economic development, taxation, and workforce planning.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Bureau of Economic Analysis, with a typical release lag of 2-3 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Amusement, Gambling, and Recreation Industries (713) in Mississippi (MSAMUSEQGSP), retrieved from FRED.