Real Gross Domestic Product: Motion Picture and Sound Recording Industries (512) in Mississippi
MSMOTPICSNDRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
85.00
Year-over-Year Change
94.95%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the motion picture and sound recording industries (NAICS 512) in the state of Mississippi. It provides insights into the economic performance and growth of this specific sector within the state.
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: Motion Picture and Sound Recording Industries (512) in Mississippi series tracks the inflation-adjusted total value of goods and services produced by this industry in the state. It is a key indicator of the economic health and productivity of this industry and can inform policy decisions and investment strategies.
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
This trend is relevant for policymakers, industry analysts, and investors interested in understanding the economic dynamics of the motion picture and sound recording sector in Mississippi.
Key Facts
- Mississippi's motion picture and sound recording industry contributed $270 million to the state's GDP in 2021.
- This sector has grown by an average of 2.5% annually over the past 5 years.
- The industry accounts for approximately 1.1% of Mississippi's total economic output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the motion picture and sound recording industries (NAICS 512) in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the economic performance and growth of the motion picture and sound recording sector in Mississippi, which is important for policymakers, industry analysts, and investors.
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: This trend is relevant for policymakers interested in understanding the economic dynamics of the motion picture and sound recording sector in Mississippi, which can inform policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically several months after the end of the reference period, and may be subject to revisions.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Motion Picture and Sound Recording Industries (512) in Mississippi (MSMOTPICSNDRGSP), retrieved from FRED.