Gross Domestic Product: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in Mississippi
MSFRBCINGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,810.00
Year-over-Year Change
61.67%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) contribution of the monetary authorities, credit intermediation, and related services sector in Mississippi. It provides insight into the economic activity and significance of this industry 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
The Gross Domestic Product: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in Mississippi trend represents the total value added to the state's GDP by financial institutions such as banks, credit unions, and other related services. This metric is used by economists and policymakers to analyze the relative importance of the finance sector in Mississippi's overall economic composition.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using standard GDP accounting methods.
Historical Context
This trend is relevant for understanding the role of the finance industry in Mississippi's economy and can inform policy decisions related to the state's economic development.
Key Facts
- Mississippi's finance sector accounts for approximately 5% of the state's total GDP.
- The GDP contribution of the monetary authorities and credit intermediation industry has grown by 3% annually over the past decade.
- This trend is an important indicator of the financial services industry's economic impact in Mississippi.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) contribution of the monetary authorities, credit intermediation, and related services sector in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the economic significance of the finance industry within Mississippi's overall economy, which is useful for economists, policymakers, and investors analyzing the state's economic composition and development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using standard GDP accounting methods.
Q: How is this trend used in economic policy?
A: This trend can inform policy decisions related to the state's economic development, particularly in terms of understanding the role and importance of the finance sector in Mississippi's economy.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the U.S. Federal Reserve, but may be subject to revisions and updates that could result in minor delays.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Monetary Authorities-Central Bank, Credit Intermediation, and Related Services (521-522) in Mississippi (MSFRBCINGSP), retrieved from FRED.