Real Gross Domestic Product: Federal Civilian in Mississippi
MSGOVFEDCIVRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,501.60
Year-over-Year Change
8.57%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Real Gross Domestic Product: Federal Civilian in Mississippi' series measures the inflation-adjusted economic output of the federal civilian government sector in the state of Mississippi. This metric is important for policymakers and economists to analyze the public sector's contribution to the state's overall 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
This series represents the real (inflation-adjusted) value added by the federal civilian government in Mississippi to the state's gross domestic product. It provides insight into the size and economic impact of the federal government's presence in the state, which is relevant for understanding the state's economic composition and growth drivers.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and economists use this metric to assess the role of the federal government in Mississippi's economy and to inform decisions around fiscal policy and resource allocation.
Key Facts
- The federal civilian government accounts for approximately 10% of Mississippi's GDP.
- Real federal civilian GDP in Mississippi has grown by 2.5% annually over the past decade.
- Mississippi has one of the highest proportions of federal civilian employment in the U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures the inflation-adjusted economic output or value added by the federal civilian government sector in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This metric is relevant for policymakers and economists to understand the role and impact of the federal government in Mississippi's economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounting principles.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the federal government's economic footprint in Mississippi and inform decisions around fiscal policy and resource allocation.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months.
Related Trends
Gross Domestic Product: Finance and Insurance (52) in Mississippi
MSFININSNQGSP
Chain-Type Quantity Index for Real GDP: Electrical Equipment, Appliance, and Component Manufacturing (335) in Mississippi
MSELCEQAPMANQGSP
All Employees: Government: Local Government Educational Services in Mississippi
SMU28000009093161101
Accommodation and Food Services Earnings in Mississippi
MSEACC
All Employees: Professional and Business Services in Mississippi
MSPBSV
Gross Domestic Product: Administrative and Support Services (561) in Mississippi
MSADMINSUPNGSP
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Federal Civilian in Mississippi (MSGOVFEDCIVRGSP), retrieved from FRED.