Real Gross Domestic Product: Management of Companies and Enterprises (55) in Mississippi
MSMNGCOENTPRRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,800.80
Year-over-Year Change
59.77%
Date Range
1/1/1997 - 1/1/2024
Summary
This series tracks the real gross domestic product (GDP) of the management of companies and enterprises industry in Mississippi. It provides important insights into the economic performance and productivity of this key sector.
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: Management of Companies and Enterprises (55) in Mississippi series measures the inflation-adjusted output of the management of companies and enterprises industry in the state. This metric is a valuable indicator of overall economic health and productivity within this critical business service industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using standard GDP accounting methods.
Historical Context
Policymakers and analysts use this trend to assess the strength and competitive position of Mississippi's business services sector.
Key Facts
- Mississippi's management sector accounts for 5.2% of the state's total GDP.
- This industry has grown at an average annual rate of 3.1% over the past decade.
- The management of companies and enterprises is a high-productivity, high-wage sector in Mississippi.
FAQs
Q: What does this economic trend measure?
A: This series tracks the real, inflation-adjusted gross domestic product (GDP) of the management of companies and enterprises industry in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: The management of companies and enterprises is a critical business services sector, and this metric provides valuable insights into its economic performance and productivity in Mississippi.
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: Policymakers and analysts use this trend to assess the strength and competitive position of Mississippi's business services sector, which informs economic development strategies.
Q: Are there update delays or limitations?
A: This data is typically published with a 1-2 quarter delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Management of Companies and Enterprises (55) in Mississippi (MSMNGCOENTPRRGSP), retrieved from FRED.