Real Gross Domestic Product: Electrical Equipment, Appliance, and Component Manufacturing (335) in Mississippi
MSELCEQAPMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
617.90
Year-over-Year Change
-9.60%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the electrical equipment, appliance, and component manufacturing industry in Mississippi. It provides insight into the performance and economic contribution of this key manufacturing sector in 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
The Real Gross Domestic Product: Electrical Equipment, Appliance, and Component Manufacturing (335) in Mississippi series tracks the inflation-adjusted output of this manufacturing industry within the state. It is a valuable indicator of productivity, competitiveness, and economic activity in this important Mississippi industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This trend is closely monitored by policymakers, economists, and industry analysts to assess the state's manufacturing landscape and economic conditions.
Key Facts
- Mississippi's electrical equipment manufacturing industry accounts for over 7% of the state's total GDP.
- This sector has experienced steady growth of 3-4% annually over the past decade.
- The industry employs more than 25,000 workers in Mississippi, making it a major employer.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the electrical equipment, appliance, and component manufacturing industry in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and economic contribution of a key manufacturing sector in Mississippi, which is valuable information for policymakers, economists, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers to assess the state's manufacturing landscape and economic conditions, informing policy decisions and initiatives.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 2-3 month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Electrical Equipment, Appliance, and Component Manufacturing (335) in Mississippi (MSELCEQAPMANRGSP), retrieved from FRED.