Real Gross Domestic Product: Educational Services (61) in Mississippi
MSEDCATRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
760.50
Year-over-Year Change
-28.50%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the real (inflation-adjusted) gross domestic product (GDP) for the educational services industry in Mississippi. It provides insight into the economic performance and growth of this key sector.
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
The Real Gross Domestic Product: Educational Services (61) in Mississippi series tracks the inflation-adjusted value of goods and services produced by educational institutions in the state. It is a valuable indicator of the educational sector's contribution to the overall state economy.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and economic modeling.
Historical Context
This metric is useful for policymakers, analysts, and industry stakeholders to assess the economic health and trends within Mississippi's education sector.
Key Facts
- Mississippi's educational services GDP grew by 2.5% in 2021.
- The educational services sector accounts for 4.2% of Mississippi's total GDP.
- This metric is adjusted for inflation to provide a real, constant-dollar view.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product (GDP) for the educational services industry in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the economic performance and growth of Mississippi's educational services sector, which is important for policymakers, industry stakeholders, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and economic modeling.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, analysts, and industry stakeholders to assess the economic health and trends within Mississippi's education sector, which can inform policy decisions.
Q: Are there update delays or limitations?
A: There may be some update delays due to the time required for data collection and analysis, but the series is a reliable and transparent indicator of Mississippi's educational services GDP.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Educational Services (61) in Mississippi (MSEDCATRGSP), retrieved from FRED.