Chain-Type Quantity Index for Real GDP: Motion Picture and Sound Recording Industries (512) in Mississippi
MSMOTPICSNDQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.80
Year-over-Year Change
95.09%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Motion Picture and Sound Recording Industries (512) in Mississippi measures the real output of this sector in the state over time, providing insights into the economic activity and growth of this industry.
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 index tracks changes in the real (inflation-adjusted) value added by the motion picture and sound recording industries in Mississippi, offering a way to gauge the productivity and performance of this important economic sector within the state.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using state-level GDP information.
Historical Context
Policymakers and analysts use this index to monitor the health and trajectory of Mississippi's creative industries.
Key Facts
- Mississippi's motion picture and sound recording industries account for over $1 billion in annual GDP.
- This index has shown steady growth in the sector over the past decade.
- The creative industries are a key part of Mississippi's diversified economy.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of Mississippi's motion picture and sound recording industries, tracking the sector's economic performance over time.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insights into the health and growth of a critical creative industry in Mississippi, which is important for policymakers, businesses, and economists analyzing the state's economic trajectory.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using state-level GDP information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to monitor the performance of Mississippi's motion picture and sound recording industries, informing decisions related to economic development, workforce planning, and support for the creative sector.
Q: Are there update delays or limitations?
A: The index data is published regularly by the U.S. Federal Reserve, with a typical 2-3 month delay from the end of the reference period.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Motion Picture and Sound Recording Industries (512) in Mississippi (MSMOTPICSNDQGSP), retrieved from FRED.