Real Gross Domestic Product: Information (51) in Mississippi
MSINFORGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,833.50
Year-over-Year Change
62.59%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the real gross domestic product (GDP) of the information industry (51) in the state of Mississippi. It provides valuable insights into the performance and growth of this key sector within the state's economy.
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: Information (51) in Mississippi series tracks the inflation-adjusted output of the information industry, which includes sectors such as publishing, telecommunications, and data processing. This metric is used by economists and policymakers to assess the state's economic health and competitiveness.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Historical Context
Trends in this series can inform economic development strategies and policies aimed at supporting the information industry in Mississippi.
Key Facts
- Mississippi's information industry accounts for approximately 4% of the state's total GDP.
- The information sector has experienced steady growth in Mississippi over the past decade.
- This metric is a leading indicator of the state's competitiveness in high-tech and knowledge-based industries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product of the information industry (NAICS sector 51) in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the performance and growth of Mississippi's information sector, which is a key driver of the state's economy and competitiveness.
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 income and product accounting methods.
Q: How is this trend used in economic policy?
A: Trends in this series can inform economic development strategies and policies aimed at supporting the information industry in Mississippi.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis, with some potential delays due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Information (51) in Mississippi (MSINFORGSP), retrieved from FRED.