Real Gross Domestic Product: Farms (111-112) in Mississippi
MSFARMRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,667.70
Year-over-Year Change
61.85%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) of the farming industry in Mississippi, providing insights into the state's agricultural production and economic activity.
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: Farms (111-112) in Mississippi is an economic indicator that tracks the value-added output of the farming sector in the state, adjusting for inflation. It is a key measure of the agricultural industry's contribution to Mississippi's overall economic performance.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is used by policymakers, economists, and analysts to assess the health and growth of Mississippi's agricultural sector and its impact on the state's economy.
Key Facts
- Mississippi is a leading agricultural state, contributing significantly to the nation's food production.
- The farming industry is a major driver of Mississippi's economy, accounting for a substantial portion of the state's GDP.
- Real GDP for the farming sector in Mississippi has fluctuated in recent years, reflecting changes in crop yields, commodity prices, and other economic factors.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the farming industry in Mississippi, providing insights into the state's agricultural production and economic activity.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the performance and contribution of the agricultural sector to Mississippi's overall economy, which is critical for policymakers, economists, and analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and analysts to assess the health and growth of Mississippi's agricultural sector and its impact on the state's economy, which can inform policy decisions and economic strategies.
Q: Are there update delays or limitations?
A: The data is subject to the standard release schedule and potential revisions by the U.S. Bureau of Economic Analysis.
Related Trends
All Employees: Government: Federal Government in Mississippi
SMU28000009091000001
Business Applications for Mississippi
BUSAPPWNSAMSYY
All Employees: Government: State Government Educational Services in Mississippi
SMU28000009092161101
Regional Price Parities: All Items: Nonmetropolitan Portion for Mississippi
MSNMPRPPALL
Nondurable Manufacturing Wages and Salaries in Mississippi
MSWNON
Coefficient for Transportation Carbon Dioxide Emissions, Distillate Fuel for Mississippi
EMISSCO2CDFACBMSA
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Farms (111-112) in Mississippi (MSFARMRGSP), retrieved from FRED.