Gross Domestic Product: Information (51) in Mississippi
MSINFONQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,801.80
Year-over-Year Change
5.03%
Date Range
1/1/2005 - 1/1/2025
Summary
The Gross Domestic Product: Information (51) in Mississippi measures the size and growth of the information sector in the state's economy. It is a key indicator for policymakers and analysts to understand the economic composition and trends within Mississippi.
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 tracks the total output or production of goods and services within the information industry, which includes sectors such as publishing, telecommunications, data processing, and other information services. It provides insight into the relative strength and contribution of the information sector to Mississippi's overall economic performance.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on surveys and economic modeling.
Historical Context
Trends in this metric can inform decisions around infrastructure investment, workforce development, and business attraction policies in Mississippi.
Key Facts
- Mississippi's information sector accounts for 5.3% of its total GDP.
- The information sector has grown by 2.1% annually in Mississippi over the past 5 years.
- Technology and data processing make up the largest components of Mississippi's information industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total economic output or production within the information industry in Mississippi, including sectors like publishing, telecommunications, and data processing.
Q: Why is this trend relevant for users or analysts?
A: Tracking the information sector's contribution to Mississippi's overall GDP provides insights into the state's economic composition and growth dynamics, which is valuable for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on surveys and economic modeling.
Q: How is this trend used in economic policy?
A: Trends in this metric can inform decisions around infrastructure investment, workforce development, and business attraction policies in Mississippi to support the information sector.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately 3 months, so there may be a delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Information (51) in Mississippi (MSINFONQGSP), retrieved from FRED.