Real Gross Domestic Product: Manufacturing (31-33) in Mississippi
MSMANRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,377.70
Year-over-Year Change
2.66%
Date Range
1/1/2005 - 1/1/2025
Summary
The Real Gross Domestic Product: Manufacturing (31-33) in Mississippi measures the economic output of the manufacturing sector in the state. This key indicator provides insights into the health and productivity of a critical industry 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
This series represents the real, inflation-adjusted value added by the manufacturing industry in Mississippi. It is a subcomponent of the state's overall real GDP, offering a more granular view of economic activity and performance within the manufacturing sector.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using production and price information.
Historical Context
Policymakers and analysts use this metric to assess the manufacturing industry's contribution to Mississippi's economic growth and competitiveness.
Key Facts
- Manufacturing accounts for over 15% of Mississippi's GDP.
- The state's manufacturing output has grown by 3% annually since 2015.
- Durable goods manufacturing is the largest subsector in Mississippi.
FAQs
Q: What does this economic trend measure?
A: This metric measures the real, inflation-adjusted value added by the manufacturing industry in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the health and productivity of a critical industry within Mississippi's economy, informing policymakers and analysts about the state's economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using production and price information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the manufacturing industry's contribution to Mississippi's economic growth and competitiveness, informing policy decisions and economic development strategies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 2-3 months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Manufacturing (31-33) in Mississippi (MSMANRQGSP), retrieved from FRED.